China Telecom Picks GrenTech

China GrenTech won centralized bid to supply CDMA wireless coverage products to China Telecom

September 2, 2008

1 Min Read

SHENZHEN, China -- China GrenTech Corporation Limited (Nasdaq: GRRF; the "Company" or "China GrenTech"), announced that it has been selected by China Telecom to supply CDMA indoor coverage equipments and accessories, and repeaters for China Telecom's CDMA network construction projects in China. This is China Telecom's first centralized bid for CDMA wireless coverage products. China Telecom's evaluation criteria for each bidder's tender included its comprehensive strength, technology and pricing. The actual market share allocation and contract amount will be determined based on China Telecom's provincial operators' specific construction plan and scope of work, which will be available after China Telecom completes the integration of its newly acquired CDMA network.

It is expected that China Telecom will make significant investment to improve CDMA network's overall competitiveness, as it is currently lagging behind the GSM network due to a lack of investment prior to China Telecom's acquisition of the CDMA network from China Unicom in July 2008. The parent company of China Telecom has announced it will invest RMB27.9 billion in Phase I of the CDMA network construction to enlarge network capacity and improve coverage quality in major cities, and in rural areas with high population density.

China GrenTech has well-established business relationships with all 21 of China Telecom's provincial operators and has provided approximately 20% of the existing CDMA network coverage products in China Unicom. Leveraging its leading role in previous CDMA network construction projects. China GrenTech is confident that it will be able to maintain its leading position in China Telecom's upcoming CDMA wireless coverage construction projects.

China GrenTech believes that this winning bid from China Telecom would potentially boost its wireless coverage revenue in the coming quarters.

China GrenTech Corporation Ltd.

Subscribe and receive the latest news from the industry.
Join 62,000+ members. Yes it's completely free.

You May Also Like