Page 33 - SAMENA Trends - March-April 2025

REGIONAL & MEMBERS UPDATES SAMENA TRENDS

ZTE Partners with TAWAL to Deepen Cooperation in Telecom and Digital

Energy Fields

ZTE Corporation, a global leading sectors. The partnership aims to promote TAWAL have exchanged constructive
provider of integrated information and the adoption of modern technologies views on future cooperation in Saudi
communication technology solutions, has and integrate state-of-the-art solutions to Arabia and international markets, reaching
signed a strategic agreement with TAWAL, support TAWAL's digital transformation agreements on several key areas, including
the first TowerCo in the Kingdom of Saudi strategy. By leveraging ZTE's expertise in tower solutions, energy solutions, indoor
Arabia, specializing in designing, building, advanced technology, the collaboration coverage. Both parties are committed
and managing state-of-the-art telecom will enhance TAWAL's position in digital to enhancing site security, knowledge
towers, to drive innovation and accelerate transformation, further consolidating transfer, and the development of innovative
digital transformation across various its leadership in the industry. ZTE and solutions. Mohammed Al Hakbani, CEO
of TAWAL, commented: "This partnership
with ZTE marks a significant step
forward in our mission to facilitate digital
transformation. By leveraging advanced
technologies, we aim to deliver innovative
solutions to empower businesses and
communities across the region." Xiao Ming,
President of ZTE Overseas, stated: "We
are honored to collaborate with TAWAL in
this transformative journey. Together, we
will leverage our expertise to accelerate
digital innovation and create a future-ready
ecosystem that supports the evolving
needs of the market." The partnership this
time highlights the shared vision of ZTE and
TAWAL to drive technological advancement
and foster a digitally connected future.

ZTE Reports Revenues of $16.65 Billion in 2024

Chinese vendor ZTE Corporation reported RMB 24.03 billion, accounting for government and enterprise and consumer
full-year revenue of CNY 121.30 billion approximately 20% of revenue,” it added. In businesses amounted to CNY 70.33 billion,
($16.65 billion) for 2024, the vendor said in 2024, the company’s domestic market CNY 18.56 billion and CNY 32.41 billion,
a release. During last year, net profit revenue reached CNY 82.01 billion, respectively. “The revenue structure across
attributable to holders of ordinary shares accounting for 67.6% of overall revenue, the three business segments continued to
amounted to CNY 8.42 billion, while net while its international market revenue optimize, with revenue from government
cash flows from operating activities totaled totaled CNY 39.29 billion, accounting for and enterprise, and consumer businesses
CNY 11.48 billion. ZTE explained that the 32.4%. Revenue from the operator network, experiencing rapid growth,” ZTE said.
external environment remained complex
and volatile last year, marked by
adjustments in industry investment
structures. “Meanwhile, the application of
technologies such as artificial intelligence,
large models, 5G-A and all-optical networks
injected fresh momentum into the industry,
leading to the emergence of new
applications and business models,” the
vendor said. “In response to the complex
environment and changes in the ICT
industry structure, ZTE has solidified its
position in the network industry while
actively embracing the AI wave, focusing
on the main track of computing power. In
2024, the company’s R&D expenses totaled

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