ZTE Teams With Portugal Telecom

ZTE signs research and development agreement with Portugal Telecom

January 14, 2005

1 Min Read

SHENZHEN, China -- ZTE Corporation – China’s largest listed telecommunications company – and Portugal Telecom – the country’s national network operator – today signed a research and development Memorandum of Understanding (MoU) to identify and bring to market a range of new products and services.

The MoU was signed, on behalf of ZTE, by the company Chairman, Mr. Hou Weigui, and the Director of ZTE’s Technology Centre, Mr Sun Zhenge. Portugal Telecom’s signatories were the Group CEO, Mr. Miguel Horta e Costa, and the CEO of Portugal Telecom Inovação, Mr. Paulo Nordeste. The ceremony took place during a visit to Shanghai by a Portugal Telecom delegation headed by Mr. Miguel Horta e Costa, which is visiting China at the same time as a State Visit of the Portuguese President, Mr. Jorge Sampaio.

In accordance with the terms of the MoU, both companies will be able to develop joint-teams for international tenders for supplying telecommunications technology and services all over the world.

Mr. Miguel Horta e Costa said, “The Chinese telecommunications market, which Portugal Telecom has been operating in for a long time (Portugal Telecom is one of the shareholders of CTM, in Macau), is growing very fast and will provide very good opportunities in the future.

“As a global operator, we can say that the Chinese market is a very big challenge for Portugal Telecom Group,” he added, pointing out that in Timor Lorosae, Portugal Telecom and ZTE Corporation already had a very successful ongoing technology cooperation with the local mobile operator.

ZTE Corp.

Portugal Telecom Group

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