ZTE Corporation has signed an agreement with Smartfren, a telecom operator in Indonesia, for 4G network expansion and 5G network trials.
Merza Fachys, president director of Smartfren, Gandi Sulistyanto, chairman of Smartfren, Liang Weiqi, president director of ZTE Indonesia, and Mei Zhonghua, senior vice president of ZTE signed the agreement at Indonesia – China Business Forum.
“The agreement this time will bring the partnerships between ZTE and Smartfren to a new level,” said Mei Zhonghua, senior vice president at ZTE.
Merza Fachys, president director of Smartfren, said: “We’re preparing to conduct 5G Trial very soon in Indonesia.”
Earlier, ZTE reported a first-quarter profit of 862.6 million yuan up from 276 million yuan in the preceding three months, as it recovered from last year’s U.S. sanctions, and forecast a net profit of 1.2 billion yuan to 1.8 billion yuan in the first half of the 2019.
ZTE reported a net loss of 5.4 billion yuan for the corresponding quarter a year earlier due to the impact of a crippling U.S. supplier ban.
ZTE forecast to make a net profit of 1.2 billion yuan to 1.8 billion yuan in the first half of the 2019, compared with a net loss of 7.8 billion yuan in the same period a year ago.