ZTE Wins IPTV Deal 667203

ZTE wins large IPTV contract in South America

April 23, 2009

1 Min Read

SHENZHEN, China -- ZTE Corporation (“ZTE”) (H share stock code: 0763.HK / A share stock code: 000063.SZ), a leading global provider of telecommunications equipment and network solutions recently clinched a large-scale commercial IPTV contract from CANTV, the largest telecom carrier in Venezuela. Considered as the largest IPTV project in the whole South America region, CANTV is investing about US$400 million in line with its aim of developing 1.26 million IPTV subscribers in the next six years.

The project, which commenced in July 2008, attracted intense competition from virtually all the IPTV suppliers worldwide due to its large budget as well as huge subscriber base target. During the first phase of the project, ZTE will work with CANTV to deploy ZTE’s ZXBIV IPTV Eyewill solution in order to enable the company offer IPTV access to 67090 users.

This IPTV solution allows CANTV to offer services packages with over 140 channels, hence stay highly competitive in the market.

“Intelligent carriers like CANTV do not always opt for the lowest bidder but instead choose the best strategic partner. Although ZTE is technically superior and possesses an in-depth experience in IPTV, we encountered huge challenges before being awarded with this contract. CANTV selected ZTE to be its trustworthy partner because of our proven technologies and experience as the leading IPTV market leader in China and Asia Pacific,” said Charles Chimaras, Vice President for sales and marketing of ZTE Venezuela.

ZTE Corp. (Shenzhen: 000063; Hong Kong: 0763)

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