ZTE Corporation announced at CommunicAsia2011 Singapore
that it has entered into a five-year strategic global framework agreement with
Axiata Group Berhad, one of Asia’s largest telecommunications companies.
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.
Given the requirements under the framework agreement, the
strategic effort will be mutually beneficial for both parties by realising
business efficiencies and competitive advantages through cash flow improvement
and timely purchasing.
The cooperation will
enhance the engagement and strengthen the relationship between the two parties
across the region where both companies have presence. In addition, it will
enable ZTE to create value both technically and commercially in its products, solutions
and services towards improving business penetration for Axiata through a
streamlined procurement platform to achieve time and cost savings.
By providing a common platform, 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. Axiata will therefore have better visibility of ZTE’s technology
roadmap and be able to leverage off this knowledge base and target its spending
This partnership will allow Axiata to streamline our
procurement process, through modernization and rationalization. The agreement
will realise synergies across our Group for global procurement translating into
faster time to market which will benefit customers. We look forward to working
closely with ZTE, towards a mutually beneficial agreement,” said Jamaludin
Ibrahim, president and group chief executive officer of Axiata Dato.
We are glad to get this acknowledgement from Axiata. It
marks the continuation of the cooperation between both parties,” said Pang
Shengqing, SVP of ZTE. 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.”
By TelecomLead.com Team