ZTE, the Chinese telecom giant operating in more than 160 countries around the globe is all set to introduce their Direct-to-Home (DTH) and other telecom services in Pakistan. In its first phase, company is interested to focus the northern parts of the country.
Zhang Zhenhui, executive vice president of ZTE China said after a meeting held between Pakistani officials and ZTE at the China’s One Belt One Road Forum, “This is a project with significant importance, as it provides telecommunication services to many Pakistani people, including ones that live in rural and remote areas. This is a key strategic project by the two governments, and ZTE serves as the bond between the two nations.”
Nawaz Sharif Meets Chairman ZTE
Prime Minister of Pakistan Nawaz Sharif met the chairman of ZTE Mr Yin Yimin in Hong Kong yesterday. Federal Minister for Commerce Engineer Khurram Dastagir Khan, Chairman Board of investment Mifta Ismail and Pakistani Ambassador in China Masood Khalid were also present during the meeting.
The Prime Minister said that Pakistan is an investment friendly country and investors from Hong Kong must exploit the immense opportunities available in Pakistan. The Prime Minister apprised the Chairman ZTE on his productive visit to Beijing. He said that One Belt One Road is a great initiative of the Chinese leadership.
ZTE and OBOR
As mentioned earlier, ZTE operates in over 160countries with almost half of the company’s revenue coming from its international business. Pakistan happens to be one of the most important markets for ZTE.
The company worked together with Pakistani telecom operators, pioneering 2G, 3G and 4G network launches. They also opened an R&D centre in Pakistan back in 2006.
The expansion program launched by ZTE is a part of the One belt One Road (OBOR) initiative. The OBOR aims to connect Asia, Middle East, Europe and Africa with a transport and logistics network.
China will use roads, ports, railway tracks, pipelines, airports, electric grids and fiber optic lines to connect with these regions. OBOR is an effort on China’s part to offload its surplus of products and services to other countries in order to sustain its economy.