ZTE selected by STC Group as preferred global vendor
- Saudi Arabia: Saturday, March 02 - 2013 at 12:58
- PRESS RELEASE
ZTE Corporation, a publicly-listed global provider of telecommunications equipment, network solutions and mobile devices, was selected as one of the preferred global vendors by STC Group, the largest telecommunication services provider in the Middle East & North Africa.
In the 2012 financial year, STC Group reported revenue increased 6.7% to $15.8bn.
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 2% to $13.7bn.
Its overseas operating revenue grew 30% to $7.4bn during the period, accounting for 54.2% of overall operating revenue. ZTE commits 10% 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).
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