ZTE, Vodafone Get Closer

ZTE Corp. (Shenzhen: 000063; Hong Kong: 0763) scored an infrastructure win with Vodafone Group plc (NYSE: VOD) as the Chinese vendor signed a global framework agreement for network equipment that spans its entire product portfolio. (See Vodafone Puts ZTE in the Frame.)

The agreement lays the foundation for ZTE to supply Vodafone with network infrastructure if the operator chooses to contract gear from ZTE in the future.

ZTE has an existing relationship with Vodafone and manufactures low-cost GSM handsets for the operator. Today's framework agreement marks the first time that the Chinese vendor will have a chance to sell network infrastructure to the world's biggest operator by revenue.

For more on ZTE and Vodafone's agreement, see the original story on Unstrung.

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