17 November 2015, Shenzhen, China – ZTE Corporation (0763.HK / 000063.SZ), a major international provider of telecommunications, enterprise and consumer technology solutions for the Mobile Internet, held a European wireless user group meeting in Budapest, Hungary, on the 9th and 10th of November 2015. The meeting was well received by ZTE’s wireless operator partners in Europe, gathering more than 80customers in Budapest for the discussion of the evolution of wireless technology, solutions and product roadmaps.

During the meeting, technical experts from more than ten operators were invited to give keynote speeches, sharing their opinions and views regarding the hot topics in wireless technology development, wireless network evolution, business development, and cases of network development etc. ZTE shared updates with customers and discussed the most cutting-edge technology and wireless aspects of product solutions, including 5G evolution, NFV and SDR2.0. ZTE also demonstrated a series of innovative products and solutions during the meeting, including:

·　　　　　 Pre5G massive multiple input multiple output (MIMO) base station, which has adopted 5G technology massive MIMO into the era of 4G, bringing significant enhancements to spectral efficiency.

·　　　　　 Virtualised core network vEPC.

·　　　　　 Ultra-broadband remote radio unit (RRU), which is designed to optimise the number of RRUs needed to be mounted on a tower, saving on costs for the operator.

·　　　　　 Qcell, ZTE’s innovative indoor coverage solution featuring fast deployment times, quad-band capability and quality assurance features.

·　　　　　 Innovative pad RRU/base band unit (BBU) technology providing flexible hotspot solutions.

·　　　　　 ZTE’s big data solution – vMAX, which allows operators to face increasingly complex big data challenges and improve profitability.

·　　　　　 Next-generation functions such as end-to-end (E2E) analysis, customer experience management (CEM), network optimisation and marketing support etc. based on big data analytics from an operator's network (this was ZTE's first official presentation for big data solutions overseas).

The topics discussed at this meeting and the demonstrations provided by ZTE indicate the company’s strength in wireless technology and its ability to innovative in this area.

ZTE delivers wireless, fixed- access, core network, bearer, cloud & IT service, terminals, and other professional telecommunication services for operators and enterprise customers to meet their varying demands and facilitate the process of rapid innovation.

As a tier-1 vendor for long term evolution (LTE)/LTE-A technology, ZTE has won 170 LTE/EPC commercial contracts since 2014. ZTE is the world’s fastest-growing provider of 4G network products. In 2014, ZTE 4G shipments increased 100 percent and the company doubled its 4G shipments consecutively, having now successfully deployed its products in 70 percent of countries with LTE networks.

ZTE is leading the way in pre5G innovation. Thus far ZTE has released its pre5G pre-commercial base station using massive multiple-input MIMO technology. ZTE was established as one of the first partners of Deutsche Telekom’s 5G Innovation Lab. ZTE signed a memorandum of understanding (MOU) with SoftBank Corp. and KT to collaborate on the research and development of pre5G/5G mobile communications networks technology, and was selected as one of the first group of partners in China Mobile’s Open NFV Test Lab.

To date, ZTE’s IP multimedia subsystem (IMS) product has won over 170 contracts worldwide, among which 130 are commercial contracts. ZTE’s subscriber data management (SDM) product holds the number one position in global market, and serves 150 operators in 84 countries globally.

As of Q3 2015, ZTE cloud core network (virtualization based) has five commercial contracts, 28 proof of concept (PoC) projects worldwide, and belongs at the forefront of the industry. ZTE has joined more than 70 organisation for standardisation and submitted more than 20,000 proposals in China, Europe and the United States. ZTE has also applied for more than 30,000 relevant patents, and is an important driving force in network virtualisation.

ZTE’s net profit jumped to RMB 2.6 billion in the first nine months of 2015, while revenue increased 16.5 percent to RMB 68.5 billion. Europe, Americas and Oceania contribute 27.8 percent revenue, it is the largest revenue among overseas markets.