Wednesday, February 22, 2012

ZTE Claims 33% Sales Growth in First 9 months of 2011

ZTE claims a 33.4 per cent increase in sales revenue year-on-year to US$9.17 billion in the first nine months of 2011. This makes ZTE the fastest growing major network equipment supplier. Average revenue growth for the industry during the first three quarters of 2011 was approximately 10 percent, according to the company.

ZTE credits its growth in part to a successful expansion into Tier-1 markets around the globe, including work with Softbank in Japan, Bharti Airtel in India, and América Móvil in Mexico.