ZTE to build 1,000 CDMA base stations in Canada
Shanghai. June 3. INTERFAX-CHINA - Domestic telecommunications equipment provider ZTE Corp. has partnered with Canadian network operator Public Mobile (PM) Inc. to jointly build 1,000 CDMA network base stations in Canada, ZTE announced on June 2.
Under the deal, ZTE will provide handsets, build and operate CDMA wireless, core network and service platforms to cover Ontario and Quebec provinces.
ZTE has already made some headway in the North American CDMA market through prior partnerships with American wireless network operator MetroPCS Communications Inc. (PCS) and airborne communications provider Aircell Ltd. in 2009 and 2008, respectively.
Huawei Technologies Co. Ltd., a ZTE competitor, has also set its sights on the American market. Huawei partnered with MetroPCS on the North American distribution of a CDMA handset in 2007.
ZTE generated total revenues of RMB 13.35 billion ($1.96 billion) in the first quarter of 2010, up 13.59 percent year-on-year and net profits of 110 million ($16.1 million), up 40 percent on an annual basis, according to the company's most recent financial figures.