ZTE Corporation (“ZTE”) (H share stock code: 0763.HK / A share stock code: 000063.SZ), a publicly-listed global provider of telecommunications equipment and network solutions, completed a comprehensive frame agreement with the Qtel Group, which will see the two companies become strategic partners.

The agreement will make available new network solutions from ZTE, including the latest innovations in WCDMA and LTE technology, across Qtel Group operations in the Middle East, North Africa and Asia. A major part of Qtel Group’s revised strategy for tackling the changes affecting the communications sector is to invest in new growth. Frame agreements with major companies like ZTE provide the necessary infrastructure foundations for its pursuit of this goal.

Through the partnership, Qtel Group and ZTE will agree on long-term, sustainable pricing models that will offer significant benefits for customers across the Group’s companies. These include Indosat, Asiacell, Wataniya Kuwait, Nawras, Tunisiana, Nedjma and Qtel.

Dr. Nasser Marafih, Group CEO, Qtel said: “ZTE has ambitions for global growth, and a delivery and pricing model designed to ensure success. The Qtel Group believes it will derive significant, long-term value from a strategic frame agreement with ZTE. This agreement will deliver world-class technology priced to reflect the realities of a new global economy.”

ZTE Corp