Year-on-year figures up 33% to $9.2 billion, ahead of all other major telecom companies
24 February 2012, Shenzhen, China – 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.
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