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Embattled ZTE Says It Has Inked 25 5G Commercial Contracts

By Isabelle Li / Jun 25, 2019 07:18 PM / Business & Tech

Photo: VCG

Photo: VCG

ZTE has secured at least 25 5G commercial contracts globally, and is planning to cooperate with over 60 telecom operators around the world, the Chinese telecom company said Tuesday.

ZTE’s announcement comes after months of high-profile clashes with the U.S. government and a 6.98 billion yuan ($1.04 billion) loss for 2018.

The Shenzhen-based company said it has made 5G a core part of its strategy. Having faced charges of patent infringement from Washington, the company said it has filed more than 3,500 5G patent applications, while dozens of technical staff from the company have taken key positions in international standardization groups.

Prior to the Tuesday statement, ZTE announced on its official Weibo account that its first 5G mobile phone, Axon 10 Pro, will become available in China in July. The company did not disclose the price and specific launch date for the phone in China. Sales of the device have already begun in Finland and the United Arab Emirates.

Related: Roundup: How Huawei, ZTE Hope to Survive U.S. Storm

Contact reporter Isabelle Li (liyi@caixin.com)

A previous version of this story incorrectly described the contracts ZTE has signed.

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