SHENZHEN, China - Wednesday, April 25th 2012 [ME NewsWire]
(BUSINESS WIRE)-- ZTE Corporation (“ZTE”) (H share stock code: 0763.HK / A share stock code: 000063.SZ), a leading global provider of telecommunications equipment and network solutions, announced today it will assist Telefónica Group in Perú to modernize its fixed network.
According to the agreement, ZTE will assist Telefónica Group in Perú with the deployment of an IMS core network based on an enhanced telecommunications computing architecture (ETCA) platform and replace aging switches on the network. The ZTE IMS solution supports most of existing PSTN/ISDN services and multiple legacy interfaces, such as BRI, PRI, POTS and NCS. This support will simplify operations and maintenance and lower operating expenses.
The ZTE IMS solution supports narrow band access and supports broadband access technologies including LTE and xPON. It provides a rich set of converged voice services in combination with services already provided by the existing network. These capabilities allow Telefónica Group in Perú to use a unified core network and quickly deliver legacy, new and future services.
“Telefónica Group in Perú, like many other main operators, faces the challenges of dealing with legacy switches and lowering operating expenditures while maintaining legacy terminals and service integrity,” said ZTE Core Network Product Line President Liu Jianhua. “ZTE’s IMS solution can overcome these hurdles.”
As of the end of 2011, ZTE had signed more than 140 commercial and trial IMS contracts worldwide, including in Europe, India, Singapore, the United States and other markets.
About Telefónica Group in Perú:
Telefónica group in Perú is the largest telecommunications operator in Perú. It provides users with fixed-line voice, broadband, cable television services and mobile services. The company holds a 95 per cent market share in fixed-line services and a 60 per cent market share in Peruvian mobile and CATV.
About ZTE
ZTE is a publicly-listed global provider of telecommunications equipment and network solutions with the most comprehensive product range covering virtually every telecommunications sector, including wireless, access & bearer, VAS, terminals and professional services. The company delivers innovative, custom-made products and services to over 500 operators in more than 140 countries, helping them to meet the changing needs of their customers while growing revenue. In 2011, ZTE’s revenue increased by 29 per cent to USD13.7 billion. Its overseas operating revenue grew 30 per cent to USD 7.4 billion during the period, accounting for 54.2 per cent of overall operating revenue. ZTE commits 10 per cent of its annual revenue to research and development and has leadership roles in several international bodies devoted to developing telecommunications industry standards. ZTE is committed to corporate social responsibility and is a member of the UN Global Compact. The company is China’s only listed telecom manufacturer that is publicly traded on both the Hong Kong and Shenzhen Stock Exchanges (H share stock code: 0763.HK / A share stock code: 000063.SZ). For more information, please visit www.zte.com.cn.
Contacts
ZTE Corporation
Margrete Ma, +86 755 26775207
ma.gaili@zte.com.cn
Edelman PR
Diana Pong / Andres Vejarano, +852 2837 4734 / 2837 4735
diana.pong@edelman.com
andres.vejarano@edelman.com
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