President Xi Jinping of China and President Cavaco Silva of Portugal officiate in ceremony to mark signing of Phase II Framework Agreement between ZTE and DST
1 July 2014, Shenzhen, China – ZTE Corporation (“ZTE”) (H share stock code: 0763.HK / A share stock code: 000063.SZ), a publicly-listed global provider of telecommunications equipment, network solutions and mobile devices, is pleased to sign an expanded strategic cooperation agreement with Portugal’s Domingos da Silva Teixeira, SA to cover collaborations in enterprise technology and provisioning of information systems for transportation and public utilities.
The Phase II Framework Strategic Cooperation Agreement between ZTE and DST was signed at a ceremony in the Great Hall of the People in Beijing officiated by President Xi Jinping of the People’s Republic of China, President Cavaco Silva of Portugal, José Gonçalves Teixeira, President of the Board at DST, and Shi Lirong, President of ZTE. The wide-ranging agreement will cover multiple projects including the construction and deployment of core networks, wireless broadband networks, data centers and information systems for transportation.
“ZTE is the most professional and friendly partner. We are honored to cooperate with an enterprise that is an established leader in the global telecommunication industry," Mr. Teixeira said.
DST, a major conglomerate in Portugal with operations in industries including telecommunications, Engineering and Construction, Water and Environment, and Renewable Energy, signed an initial cooperation agreement with ZTE in 2012. In 2013, ZTE exclusively signed an agreement with DST for the DST FTTH Phase I Project, helping DST construct a north-south backbone network across Portugal, deploying ZTE’s fixed networks, bearer networks, power and safety control solutions.
The Phase 1 project was completed this year, as ZTE demonstrated its strong capabilities as a provider of advanced, secure end-to-end solutions, delivered with efficiency and professionalism.
"We appreciate DST's trust in ZTE,” said Mr. Shi. “ZTE is committed to providing the best technology solutions to consumers and businesses in Portugal.”
The Phase II Framework agreement will expand the collaboration between ZTE and DST in enterprise technology, water conservation, transportation, energy, telecommunication and infrastructure in addition to network construction.
ZTE is diversifying its operations from telecommunications into enterprise technology solutions, providing advanced information systems and services for customers in industries such as transportation, metropolitan information systems, financial services and Internet.
During the recent Sino-Portugal Economic and Trade Forum in Beijing, ZTE also signed a strategic agreement with DST, Portugal’s Minho University and InvestBraga to establish a center for ZTE’s enterprise technology, strengthening the development of technology, education, research and industry in Portugal.
In 2014, China and Portugal are celebrating the 35th anniversary of the establishment of diplomatic ties between the two countries.