Year-on-year figures up 33% to $9.2 billion, ahead of all other major telecom companies
SHENZHEN, China - Friday, February 24th 2012 [ME NewsWire]
-(BUSINESS WIRE)-- ZTE Corporation (“ZTE”) (H share stock code: 0763.HK /
A share stock code: 000063.SZ), a leading global provider of
telecommunications equipment and network solutions, announced today it
had achieved the world’s-fastest sales revenues increase for the first
nine months of 2011.
According to leading consulting firm Frost & Sullivan, ZTE achieved
the highest growth rate in revenue among the top vendors in the global
telecommunications market, with an approximate 33.4 per cent increase in
sales revenue year-on-year to $9.17 billion in the first nine months of
2011. ZTE’s sales revenues were $6.87 billion during the corresponding
period the previous year.
Average revenue growth for the industry during the first three quarters of 2011 was approximately 10 per cent.
Frost & Sullivan attributes ZTE’s rapid growth in 2011 to the
company’s aggressive marketing and sales strategies in China and
overseas. The research firm sees ZTE’s work to expand and upgrade
wireless networks, develop smart terminals, and its participation in
China’s national broadband strategy and tri-network integration as
factors that will consolidate the company’s market position and ensure
steady and sustainable growth.
In 2011, ZTE also successfully expanded its business into additional
tier-1 markets around the globe, including work with Softbank in Japan,
Bharti Airtel in India, and América Móvil in Mexico.
The company currently supplies network equipment to all of the world’s
top 30 global telecommunications operators (excluding the US market),
and is the No. 4 mobile phone manufacturer in the world. ZTE also has
cooperated with 90 per cent of the top 50 global telecoms operators in
Europe.
About ZTE
ZTE is a publicly-listed global provider of telecommunications equipment
and network solutions with the most comprehensive product range
covering virtually every sector of the wireline, wireless, service and
terminals markets. The company delivers innovative, custom-made products
and services to over 500 operators in more than 140 countries, helping
them to meet the changing needs of their customers while achieving
continued revenue growth. ZTE’s 2010 revenue led the industry with a 21%
increase to USD10.609 billion. ZTE commits 10 percent of its revenue to
research and development and takes a leading role in a wide range of
international bodies developing emerging telecoms standards. A company
with sound corporate social responsibility (CSR) initiatives, ZTE is a
member of the UN Global Compact. ZTE is China’s only listed telecom
manufacturer, publicly traded on both the Hong Kong and Shenzhen Stock
Exchanges (H share stock code: 0763.HK / A share stock code: 000063.SZ).
For more information, please visit www.zte.com.cn.
Contacts
ZTE Corporation
Margrete Ma
Tel: +86 755 26775207
ma.gaili@zte.com.cn
or
Edelman PR
Diana Pong / Andres Vejarano
Tel: +852 2837 4734 / 2837 4735
diana.pong@edelman.com
andres.vejarano@edelman.com
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