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MarketScreener Homepage  >  Equities  >  SHENZHEN STOCK EXCHANGE  >  ZTE Corporation    000063   CNE000000TK5

ZTE CORPORATION

(000063)
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ZTE, China Telecom and China Unicom take the lead in completing 5G co-build co-share verification

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11/12/2019 | 04:23am EST

Shenzhen, China - ZTE Corporation (0763.HK / 000063.SZ), a major international provider of telecommunications, enterprise and consumer technology solutions for the Mobile Internet, in partnership with China Telecom and China Unicom, has today completed the network verification based on the co-build co-share mode in the commercial 5G environment, launching the world's first NSA co-build co-share sites of 1.8 G/2.1 G/3.5 G in Hangzhou, China. That fully verifies the large-scale commercial capabilities of the 5G co-build co-share mode and lays a solid foundation for greatly reducing initial investment in 5G and efficiently promoting 5G constructions.

The verification, based on the real 5G commercial network environment, covers the basic functions of network selection and anchor carrier triggering, network management functions of rights management and northbound interface in the DT environment, as well as multi-dimensional deep network sharing capability verification, such as multi-vendor, multi-operator mobility.

The co-build co-share mode is capable of providing the broadband multi-operator 5G services on the same 5G base station, and reasonably allocating spectrum resources based on user requirements and service requirements. It fully demonstrates the system's stability and outstanding performance, as well as its complete capacity for large-scale commercial use.

In addition, compared with the original construction strategy that each operator builds its own 5G networks, 5G co-build co-share sites across operators will effectively save investment in 5G networks. By promoting the sharing of infrastructure between operators, the co-build co-share mode can help operators build 5G networks with lower costs and more effective methods.

On September 9, 2019, China Telecom and China Unicom signed the 5G network co-build co-share framework cooperation agreement. As a strategic partner of China Telecom and China Unicom, ZTE fully supports their network construction and service operation. ZTE has innovatively proposed a flexible ultra-broadband spectrum application solution to support the co-build co-share mode, which helps reduce infrastructure construction costs, thereby further realizing the economic and social value of 5G.

In the future, ZTE will continue to partner with China Telecom and China Unicom to explore the applications of new 5G technologies in commercial networks, improve network quality, build more high-quality 4/5G networks, in a bid to provide users with better services.

ZTE is a provider of advanced telecommunications systems, mobile devices, and enterprise technology solutions to consumers, carriers, companies and public sector customers. As a part of ZTE's strategy, the company is committed to providing customers with integrated end-to-end innovations to deliver excellence and values as the telecommunications and information technology sectors converge. Listed in the stock exchanges of Hong Kong and Shenzhen (H share stock code: 0763.HK / A share stock code: 000063.SZ), ZTE sells its products and services in more than 160 countries.

To date, ZTE has obtained 35 commercial 5G contracts in major markets, such as Europe, Asia Pacific, Middle East and Africa (MEA). ZTE commits 10 percent of its annual revenues to research and development and takes leadership roles in international standard-setting organizations.

Media Contacts:

Margaret Ma

ZTE Corporation

Tel: +86 755 26775189

Email: ma.gaili@zte.com.cn

Source: RealWire

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(C) 2019 M2 COMMUNICATIONS, source M2 PressWIRE

Stocks mentioned in the article
ChangeLast1st jan.
CHINA TELECOM CORPORATION LIMITED -3.30% 3.22 End-of-day quote.-18.69%
CHINA UNITED NETWORK COMMUNICATIONS 0.52% 5.84 End-of-day quote.15.28%
ZTE CORPORATION End-of-day quote.
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Financials (CNY)
Sales 2019 91 543 M
EBIT 2019 6 702 M
Net income 2019 4 812 M
Finance 2019 1 721 M
Yield 2019 1,16%
P/E ratio 2019 28,0x
P/E ratio 2020 24,8x
EV / Sales2019 1,41x
EV / Sales2020 1,21x
Capitalization 131 B
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 20
Average target price 33,16  CNY
Last Close Price 33,22  CNY
Spread / Highest target 29,4%
Spread / Average Target -0,18%
Spread / Lowest Target -27,8%
EPS Revisions
Managers
NameTitle
Ziyang Xu President, CEO & Executive Director
Da Xiong Xie Chairman-Supervisory Board
Zi Xue Li Chairman
Li Ying Chief Financial Officer & Executive Vice President
Hui Jun Xu Chief Technology Officer & Executive VP
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