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    000063   CNE000000TK5

ZTE CORPORATION

(000063)
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End-of-day quote Shenzhen Stock Exchange  -  2023-01-19
27.36 CNY   +2.05%
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ZTE and Jazz Pakistan successfully launch large-scale innovative FDD massive MIMO

11/25/2022 | 05:00am EST

ZTE Corporation (0763.HK / 000063.SZ), a major international provider of telecommunications, enterprise and consumer technology solutions for the mobile internet, today announced that it has successfully teamed up with Jazz, Pakistan's leading digital operator, to deploy ZTE's 1st 5G technology based 4G FDD massive-MIMO (Multi Input Multi Output) on Jazz's 4G network.

The deployment brings an average network traffic gain of 15% and average single user speed gain of 160%.

Jazz, Pakistan's leading digital operator, has successfully deployed ZTE's 1st 5G technology based 4G FDD massive-MIMO (Multi Input Multi Output) in their network, resulting in an average network traffic gain of 15% and average single user speed gain of 160%.

As the pioneer digital operator in Pakistan, Jazz has always has been on the forefront of bringing innovative products and solutions to better connect and empower people in digital world. Currently, both 4G users and data traffic in Pakistan have been increasing exponentially with 40% data traffic increase observed in 2021 alone. This demands a more efficient 4G network to cater the growing network capacity requirements and outstanding user experience at the same time.

ZTE's FDD massive MIMO solution is the innovative and efficient way for contemporary 4G network expansion. This pioneering product is flexible to support dual-band (1.8G & 2.1G) with the maximum transmit power of 320 W. Jazz effectively deployed the world's first ZTE FDD Massive-MIMO solution by initially enabling in the single-band application (1.8G) scenario to maximize the gains while having an option to switch to 2.1G dual band in the future, according to their capacity needs and technology evolution.

ZTE and Jazz put ample focus on technology evolution and performance improvement since the first launch of FDD massive MIMO in 2021.

With the latest released features such as Power Boosting, Re-transmit Resource Block Optimization and Power Amplifier Improvement both network capacity and user experience have drastically improved even over the initial launch.

Till date, ZTE and Jazz have deployed more than 600 FDD Massive MIMO sites with more sites in progress. FDD Massive MIMO is benefitting Jazz network greatly by enhancing network capacity, spectral efficiency and user perception while at the same time delivering efficiency in costs.

(C) 2022 Electronic News Publishing, source ENP Newswire

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Financials
Sales 2022 129 B 19 091 M 19 091 M
Net income 2022 8 543 M 1 259 M 1 259 M
Net cash 2022 12 717 M 1 875 M 1 875 M
P/E ratio 2022 15,2x
Yield 2022 1,30%
Capitalization 122 B 18 001 M 18 001 M
EV / Sales 2022 0,84x
EV / Sales 2023 0,73x
Nbr of Employees 72 584
Free-Float 74,6%
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Number of Analysts 17
Last Close Price 27,36 CNY
Average target price 35,70 CNY
Spread / Average Target 30,5%
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Managers and Directors
Zi Yang Xu President, CEO & Executive Director
Ying Li Chief Financial Officer & Executive Vice President
Da Xiong Xie Chairman-Supervisory Board
Zi Xue Li Chairman
Xi Yu Wang EVP-Chief Technology Officer & CIO
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