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Asia

Time's a Healer for ZTE

10:00 AM -- When the news crossed the wires this week that Chinese vendor ZTE Corp. (Shenzhen: 000063; Hong Kong: 0763) had won a deal with Telenor Group (Nasdaq: TELN), we thought that sounded strange. (See ZTE Wins Telenor Deal.)

Strange because we remembered ZTE being excluded from new business opportunities with the Norwegian operator following some rather bad behavior. (See Telenor Bans ZTE From New Deals.)

The ban, though, was for six months, so it expired a while back, putting ZTE back in the frame for deals such as the supply of wireless data modems in multiple markets -- exactly the contract it has just announced!

— Ray Le Maistre, International News Editor, Light Reading

clark-peng 12/5/2012 | 4:01:24 PM
re: Time's a Healer for ZTE

Maybe telenor think ZTE has been mistaken .

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