ZTE Corp., China's largest telecommunications equipment producer by market value, said it signed a contract with Cell C (PTY) Ltd., a mobile telecom operator in South Africa, to provide telecom facilities and services worth $378 million.

ZTE will supply GSM (Global System for Mobile Communications) and UMTS (Universal Mobile Telecommunications System) network turnkey solutions and operations services to the South African company. The project is expected to be completed in three years, ZTE said in a statement posted on the Shenzhen Stock Exchange website on January 26.