Chinese telecom equipment and terminal manufacturer ZTE (0763.HK; 000063.SZ) today announced that it would team up with several global telecommunications giants to create 10 international innovation centers in Europe and South America. The company also announced that it plans to establish additional innovation centers in China through partnerships with the nation's largest telecommunications operators.
The 10 international innovation centers will be established in European countries such as Spain, the United Kingdom, France and Germany through cooperation with mainstream telecom operators in those countries. The centers will be comprised of location-specific cooperative operations including laboratories and operations and testing centers. Their focus will be to produce innovative technologies, products and business operations models. The new ideas and products produced will be applied to ZTE's and its partners' market and R&D strategies.
In addition, ZTE recognizes the importance of what it calls "continuous customized innovation." Accordingly, the innovation centers will aim to better understand the needs of major telecommunications operators by creating long-term, stable and effective communication channels with other global providers.