Thursday, August 21, 2008

Is ZTE now the better half of China Telecom?

ZTE, a Chinese telephone- network equipment maker, won half of a 10 billion yuan order ($1.5 billion) from China Telecom, the South China Morning Post reported, without saying how it obtained the information.

Alcatel-Lucent won about 20 percent of China Telecom's contract for its code division multiple access wireless value- added service platform, while the remainder was split among other companies including Huawei Technologies, the newspaper said.

ZTE was also awarded China Telecom's order to build a mobile-positioning system and a multimedia message service, according to the Chinese phone operator's Web site, the report said.

With ZTE's profile, does it deserve 50% of China Telecom?