ZTE signs US$74 Million Deal

VARINDIA- INDIA'S FRONTLINE IT MAGAZINE

ZTE signs US$74 Million Deal 
ZTE has signed a strategic cooperation agreement with Hi3G Sweden with a value of UD$74 million in the presence of China’s Prime Minister Wen Jiabao and Sweden’s Prime Minister Fredrik Reinfeldt when Wen visited Sweden during his recent tour of Europe.  
According to the agreement, ZTE will deploy several thousand UMTS/LTE TDD/LTE FDD base stations, as well as auxiliary microwave and data transmission equipment over the next three years. 
"We are very glad to ink the deal with Hi3G in Sweden where the two companies launched the world’s first multi-mode LTE network. The deployment of ZTE equipment in Sweden shows that we have achieved a world leading position in terms of telecoms technology, product solutions and services," said Huang Zheng, CEO, ZTE Sweden.
Jörgen Askeroth, CTO, Hi3G Sweden, said, “Over the past 12 months, Hi3G Sweden and ZTE went all out to deploy the LTE network in Sweden. ZTE offers professional support and achieved the target commercial launch date of December 15, 2011. As of now, TDD performance is better than expected.”

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