SOURCE: ZTE

February 22, 2016 16:01 ET

Orange Awards ZTE Its Fibre Contract for 2016

SHENZHEN, CHINA--(Marketwired - Feb 22, 2016) - According to the report from "expansion", a local media in Spain, Orange awards ZTE, a Chinese telecom equipment provider, an order to install fibre in 2.2M homes, with the aim of reaching 10M homes this year.

Orange, the second broadband operator in the Spanish Market, has awarded ZTE a contract to supply equipment needed to deploy fibre optic networks in Spain throughout 2016, according to confirmation received by EXPANSION from sources with knowledge of the process.

The contract, awarded at the beginning of the year, shows Orange's aspirations to continue deploying the network, as per its public commitments.

Orange had forecasted reaching over 7M homes by YE2015 (that is, homes in which fibre reaches a block, or front of a home, so that once it has been contracted it can be supplied immediately to the client), thanks to the merger with Jazztel, who has contributed approximately 5M households.

In 2016, the group announced it wanted to reach 10M households.

Sources within the industry estimate that there is a 1M shortfall, and that it could be acquired via a network exchange with other operators, or by means of a co-investment agreement.

The now awarded contract was put out to tender last November. Amongst those invited to participate, in addition to other fibre optic equipment competitors well established in Spain such as Alcatel (now part of Nokia) and the also Chinese Huawei, were less well-known companies such as Arcadyan, Comtrend and Sagemcom. However, ZTE has been the sole supplier for Jazztels fibre network, and thus is the controlling supplier in Orange's fibre network.

About ZTE:
ZTE is a provider of advanced telecommunications systems, mobile devices, and enterprise technology solutions to consumers, carriers, companies and public sector customers. As part of ZTE's M-ICT strategy, the company is committed to provide customers with integrated end-to-end innovations to deliver excellence and value 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's products and services are sold to over 500 operators in more than 160 countries. ZTE commits 10 per cent of its annual revenue to research and development and has leadership roles in international standard-setting organizations. ZTE is committed to corporate social responsibility and is a member of the UN Global Compact.

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