ZTE tipped to win €1B Wind, 3 Italia network upgrade - Mobile World Live

ZTE tipped to win €1B Wind, 3 Italia network upgrade

19 DEC 2016

China-headquartered ZTE is on the cusp of winning a €1 billion contract to upgrade the mobile networks for Italy’s recently created joint venture between Wind and 3 Italia, Reuters reported.

According to a source ZTE received notification it is the winning bidder, although no official deal is yet in place. It is also unclear which other companies were in the running for the contract.

3 Italia, owned by Hong Kong’s Hutchison, and VimpelCom-owned Wind closed a deal to merge their local units in Italy in November – a tie-up that creates the country’s largest operator.

The companies’ aim to launch joint services next month.

For ZTE, securing a €1 billion contract in Europe would be a big win, with rivals struggling for business in the region amid slowing infrastructure sales.

Ericsson’s struggles are well documented, while Nokia CEO Rajeev Suri in November warned the vendor is likely to see revenues fall 2.2 per cent year-on-year in 2017. ZTE’s Chinese rival Huawei, meanwhile, recently stepped up its global efforts.


Kavit Majithia

Kavit joined Mobile World Live in May 2015 as Content Editor. He started his journalism career at the Press Association before joining Euromoney’s graduate scheme in April 2010. Read More >>

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