In the afternoon of October 15th, ZTE Corporation announced that it has received a bid notification from China Mobile's TD-LTE bidding project and won 13,000 carrier frequency contracts, becoming China Mobile's largest supplier of LTE equipment. At the same time, regarding the layoff rumors, ZTE stated that it controlled the number of employees and made structural adjustments, but did not explicitly refer to layoffs.
Prior to August, China Mobile launched its first TD-LTE bidding project, which included 20,000 base stations and approximately 52,000 fans. The purchased TD-LTE equipment will be used in Beijing, Shanghai, Hangzhou, Nanjing, Guangzhou, Shenzhen 13 cities including Xiamen, Qingdao, Qingdao, Tianjin, Shenyang, Ningbo, Chengdu, and Fuzhou expanded the TD-LTE scale trial network, and 10 manufacturers including ZTE, Huawei, Ericsson, and Nokia Siemens participated in the bidding.
ZTE said that in this China Mobile TD-LTE bidding project, it will undertake the construction of TD-LTE networks in five major cities of Beijing, Tianjin, Guangzhou, Shenzhen and Shenyang, with a total carrier frequency of more than 13,000. Prior to this, in Hong Kong's TD-LTE network project, ZTE had undertaken 50% of the construction tasks.
Wang Shouchen, vice president of ZTE, said: "Thanks to China Mobile for choosing ZTE to build TD-LTE networks in these five cities. ZTE has always put TD-LTE as a key investment in strategic products. As a leader in TD-LTE, ZTE has Ability and confidence to submit a satisfactory answer for China Mobile. "
In addition, there are rumors that ZTE has laid off thousands of employees. In response, ZTE has not clearly responded, but only said that it will abolish the long-term loss and the short-term loss of the representative office, which has low input and output efficiency and no development potential. Products will be integrated, will control the number of employees and make structural adjustments. Earlier in July and August this year, ZTE firmly denied layoff rumors.
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