Caixin OnlineBusiness & IndustryTop Stories Industry ZTE Wins China Mobile TD-LTE Contract
10.16.2012 19:04

ZTE Wins China Mobile TD-LTE Contract

With announcement, telecoms equipment company may be seeking to restore investor confidence after report of third-quarter loss
By staff reporter Qin Min
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(Beijing) – ZTE Corp. says it has won a contract to build TD-LTE networks for China Mobile in five major cities.

ZTE's October 15 announcement that it won the bid was an attempt to win back investor confidence, an industry source said.

Earlier, the ZTE said it expected to lose up to 2 billion yuan in the third quarter of this year.

In August, China Mobile started the tender process for its TD-LTE networks in 13 trial cities. The company plans to start work on networks in 100 cities in 2013, eventually building more than 200,000 base stations.

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