ZTE Corporation today revealed that it has secured 35 commercial 5G contracts in major 5G markets.
The telecom network maker did not reveal additional details including the name of its 5G mobile customers.
ZTE has accelerated 5G commercial deployments worldwide bolstered by its full range of 5G end-to-end products and solutions. The company has strengthened its presence in the operator market in China, laying a solid foundation for its operating performance while focusing on efficiency improvement.
ZTE has participated in the large-scale deployments of China’s 5G networks, and carried out in-depth 5G cooperation with over 60 operators across the globe.
ZTE’s 5G end-to-end commercial products and solutions as well as the full series of NR products have achieved all-band and all-scenario coverage.
Its Common Core realizes 2/3/4/5G/fixed full access and integration while supporting both SA and NSA, saving 40 percent of the investment for the operators. ZTE has more than 500 NFV commercial cases and PoC cases worldwide.
The company has deployed 5G transport products on a large scale, with the total shipments reaching 20,000 units. ZTE has completed over 30 commercial deployments and pilot tests of 5G transport networks.
The company has built over 50 beyond 100G networks across the world, and its commercial 200G optical transmission network has set the longest transmission distance record of 1700 km.
The company has deployed the world’s largest PON-based backhaul network in Indonesia, with over 16000 base stations connected via ZTE’s GPON and XGS-PON networks.
ZTE has reported operating revenue of RMB 19.63 billion (+1.5 percent) and net profit of RMB 98 million (–18.6 percent) during the third quarter of 2019.
ZTE has posted operating revenue of RMB 64.24 billion (+9.3 percent) and net profit of RMB 710 million (+131.4 percent) for the nine months ended 30 September 2019.
For the nine months ended 30 September 2019, the research and development costs amounted to RMB 9.36 billion, 14.6 percent of operating revenue, increased by 0.1 percentage point compared to 14.5 percent of the same period last year.
ZTE did not reveal the revenue break-up among its telecom operator, enterprise and phone business divisions.
ZTE had declared 1,424 families of 5G Standard-Essential Patents and patent applications to the European Telecommunications Standards Institute (ETSI), ranking global top 3, by June 15, 2019.
