SHENZHEN, China -- ZTE Corporation (“ZTE”) (H share stock code: 0763.HK / A share stock code: 000063.SZ), a publicly-listed global provider of telecommunications equipment, network solutions and mobile devices, has signed a 10-year network-wide managed services contract with Euskaltel, the largest operator in the Basque Country, the most industrial and technologically advanced region of Spain. ZTE will also work with Euskaltel to guarantee its network quality, upgrade its technologies, and extend its services.

Following the deal ZTE will cement its headquarters in Basque Country, dedicated to the provision of services for the entire South of Europe, from where it will serve telecommunications operators in Spain, Portugal and the countries in the south of the continent.

Euskaltel was founded in 1995 with its headquarters in Derio, Basque Country, Northern Spain. With strong brand influence, healthy financials and high-quality networks and services, it is the preferred network provider for government, enterprise and residential users in the region and has high customer loyalty. In the Basque Country, Euskaltel has a 43 percent share of the broadband access market, 47 percent share of the fixed network market, and 60 percent share of the digital TV market. The company also started to commercialise mobile services in 2007.

Euskaltel made the decision in 2013 to review its managed services providers, and ZTE tailored the solution that was most suitable for its requirements. ZTE's service subsidiary in Southern Europe (ZTE Managed Services Southern Europe S.L.) will provide Euskaltel with network-wide managed services including NOC operation, field maintenance, last-mile maintenance, service provisioning and assurance, enterprise customer implementation and assurance.

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