ZTE goes for gold with first Chinese olympics success

ZTE Corporation of China, a global supplier of advanced telecommunications infrastructure, has become the first Chinese company to supply telecoms equipment to the Olympic Games.

ZTE was chosen by OTE (the Greek telecommunications organisation) to supply vital broadband Internet access systems services during this year`s Olympic Games in Athens, Greece. To fulfill this need ZTE has built, tested and commissioned a high speed ADSL network for the Games.

"The Olympics is all about being the best in the world at what you do - the fastest, the strongest, the most skilled in your sport," said ZTE`sEuropean General Manager Mr. Chen Jiang.

"We like to feel that we are also world beaters in what we do and it has been a great achievement, both for ZTE and Chinese technology, that we have delivered this advanced network to OTE on schedule to meet the needs of the Games."

Under the contract, ZTE will help OTE deploy an ADSL system serving 16 points in Athens. Using the network, all Olympic facilities, including the main venues, international broadcasting centres, news centres and the press village will be able to access broadband Internet services throughout the event.

"On behalf of OTE, I would like to extend my special thanks to ZTE for its excellent product performance and its willingness to support the Olympic Games," said Mr. Andonacopoulos, CEO of OTE. "I believe this is a good beginning for future cooperation between the two companies."

This is the second major international success for ZTE in less than a week. On Monday, the organisation announced, that across the Mediterranean in Tunisia, it was to install the most advanced mobile telecommunications network in Africa.

Two of Tunisia`s key cities - Tunis and Sousse - are to receive UMTS equipment from ZTE in a contract that will see 3G technology in commercial applications in the second half of 2005. The contract, with Tunisia`s PTT CERT, demonstrates that ZTE has become one of a few vendors anywhere in the world totally equipped to help operators build their 3G networks. It also marks ZTE`sfirst 3G network win outside of China.

ZTE began R&D in broadband access products in 1997. It was one of the earliest developers of China`s ADSL, VDSL, SHDSL, ADSL2+ standards. To date, ZTE has deployed over 7 million ports of DSL products in over 10 countries, including China, Greece, Thailand, India, Philippines, Hong Kong SAR and Pakistan. New developments see ZTE focused on constructing a win-win DSL value chain with operators and end-users. Some of ZTE`slatest DSL solutions will be on display at their exhibition stand at this year`s DSL World Forum in Venice(September 20-23 2004).

About OTE:

The Greek Telecommunications Organization (OTE) was established in 1949. It ranks among the top groups of companies in Greece and the top ten telecommunications organizations in Europe. Its activities extend beyond the Greek frontiers into South-east European and Middle East markets. OTE is the largest Greek group, with numerous subsidiaries such as COSMOTE and OTE net which show impressive performances. OTE is listed on the Athens Stock Exchange (ASE) and on the London and New York Stock Exchanges. The market value of the organisations shares is currently estimated at 12 billion US$.

About ZTE:

ZTE Corporation is China s largest listed telecommunications equipment provider specializing in offering customized network solutions for telecom carriers worldwide. The company develops and manufactures telecommunications equipment for fixed, mobile, data and optical networks, intelligent networks and next generation networks as well as mobile phones.

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