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    000063   CNE000000TK5

ZTE CORPORATION

(000063)
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End-of-day quote Shenzhen Stock Exchange  -  2022-12-01
25.05 CNY   -0.60%
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ZTE : Turk Telekom, ZTE jointly roll out IPTV/OTT Platform in Turkey

09/15/2022 | 09:50pm EST

16 September 2022, Shenzhen, China - ZTE Corporation (0763.HK / 000063.SZ), a major international provider of telecommunications, enterprise and consumer technology solutions for the mobile internet, together with Turk Telekom, one of the largest fixed-line operators in Turkey, has commercially deployed the largest IPTV/OTT platform in Turkey.

To replace the legacy platform on the existing network, ZTE has successfully completed the cutover of nearly one million set-top boxes (STBs), the integration with over ten third-party vendors, and the delivery of more than ten types of terminals and over a thousand customized functions. The new platform adopts an integrated video platform architecture and supports smooth evolution, providing brand-new viewing experiences for users.

In recent years, Turk Telekom has been aimed to provide its over 10 million subscribers with more functions and more diverse video content. To achieve this goal, it has partnered with ZTE to build a new video platform integrating both IPTV and OTT. This platform, featuring great UI design, rich functions, stable system, and many TV service scenarios, can provide users with superior viewing experiences. Moreover, it allows access to more than ten types of terminals, including Android TV STB, Smart TV, IOS/Android mobile devices, and PC. This can greatly satisfy the needs of users in different scenarios.

As for maintenance, ZTE offers the customized cutover tools and non-stop upgrade system, as well as various visual maintenance tools, which greatly simplifies the maintenance work. In addition, ZTE provides many great services like big data analysis and processing, sales promotion strategies, intelligent advertising management, smart search, and smart recommendation while introducing Google ecosystem. All these are expected to bring the customers more value-added service scenarios and more flexible operation approaches.

Currently, all the subscribers of Turk Telekom have been migrated to ZTE's new platform. As an industry-leading provider of multimedia video products, ZTE serves over 200 million users from its more than 120 commercial cases in over 40 countries around the world.


Moving forward, ZTE will stay committed to the technology evolution and service innovation of big video products, providing users with superior viewing experiences, and exploring new applications in the industry.

Disclaimer

ZTE Corporation published this content on 16 September 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 16 September 2022 01:49:02 UTC.


ę Publicnow 2022
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Sales 2022 130 B 18 491 M 18 491 M
Net income 2022 8 524 M 1 214 M 1 214 M
Net cash 2022 11 281 M 1 607 M 1 607 M
P/E ratio 2022 13,8x
Yield 2022 1,43%
Capitalization 111 B 15 815 M 15 815 M
EV / Sales 2022 0,77x
EV / Sales 2023 0,65x
Nbr of Employees 72 584
Free-Float 74,6%
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Number of Analysts 17
Last Close Price 25,05 CNY
Average target price 36,16 CNY
Spread / Average Target 44,4%
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Managers and Directors
Zi Yang Xu President, CEO & Executive Director
Li Ying Chief Financial Officer & Executive Vice President
Da Xiong Xie Chairman-Supervisory Board
Zi Xue Li Chairman
Junshi Xie Chief Operating Officer & Executive Vice President
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