ZTE selected by STC, Maxis and Oger Groups as a global vendor for infrastructure equipment

The accord will allow ZTE offer its portfolio of network infrastructure equipment through a global price structure based on total business located in Bahrain, India, Indonesia, Kuwait, Malaysia, Saudi Arabia, South Africa and Turkey.

STC Group together with Maxis and Oger Groups have reached a leading position in the global mobile and fixed telecommunication markets. In 2010, the groups jointly launched a series of global initiatives focused on capturing synergies across their 9 operating companies and working with top global suppliers to become preferred partners based on value creating agreements.

One of the initiatives is to focus on technology infrastructure synergies develop a global price structure and formalizing volume discounts based on overall groups scale. STC Group CEO Dr. Khaled Abdulaziz Al Ghoneim commented this agreement as "it mirrors our mutual desire to identify and evaluate potential areas for partnership across many markets that STC is present in."

It is noteworthy that STC Group is the leading provider of telecommunication services in the Kingdom of Saudi Arabia as it provides mobile, landline, internet and other data services to residential and business customers, and that has turned into a global competitor through successful expansions in a record time rising among the largest operators in the Middle East, Africa and South East Asia. This development from a local operator to an international telecommunications powerhouse is successfully spearheaded through strategic partnerships and acquisitions.