ZTE, a provider of telecommunications equipment and network offerings, has entered into five-year strategic global framework agreement with telecommunications Axiata Group Berhad.
This global framework arrangement will serve as a common platform for purchases of telecommunications and other products as well as the provision of related services by ZTE for Axiata and its group of companies ("Opcos").
The cooperation will common platform to enhance the engagement and strengthen the relationship between the two parties across the region where both companies have presence.
It will enable ZTE to create value both technically and commercially in its products, offerings and services towards improving business penetration for Axiata through a streamlined procurement platform to achieve time and cost savings.
The framework agreement will improve engagement with a regular exchange of information on technical and technology areas on products, works and services purchased by Axiata and the Axiata Companies, which will have a better visibility of ZTE’s technology roadmap.
Axiata president and group chief executive officer Dato’ Sri Jamaludin Ibrahim said this partnership will allow Axiata to streamline our procurement process, through modernisation and rationalisation.
"The agreement will realise synergies across our Group for global procurement translating into faster time to market which will benefit customers," Ibrahim said.
ZTE SVP Pang Shengqing said, "We always pay close attention to Axiata’s business development in Asia, through our cooperation, we can demonstrate our ability to create more value for our clients."
