ZTE sees 'world-best' revenue increase

Telecommunications equipment and network solutions provider ZTE's revenue rose year-on-year by a third in the nine months to September last year - better than any other company in the sector, it has been claimed.

Emerging on top of the revenue pile for the global telecommunications sector, ZTE's sales revenue reached the equivalent of €6.86 billion during the nine-month period, research shows. During the same period a year earlier, its sales revenue stood at €5.14 billion.

It would appear that ZTE has significantly outperformed its competitors as the sector's average revenue increase for the period was 10 percent.

Frost & Sullivan, which carried out the research, believes the company's success is down to its aggressive marketing and sales strategies in its overseas markets, particularly in China.

Its endeavours to expand and upgrade wireless networks, develop smart terminals, and its participation in China's national broadband strategy and tri-network integration will stand it in good stead in the future, the study indicates.

More News

Telefónica partners with Subex to offer fraud management service Telefónica partners with Subex to offer fraud management service Telefónica’s cyber security unit ElevenPaths has signed up Subex to help it offer a new fraud management as a service (FMaas) solution. More detail
Vodafone CEO trials consumer IoT offering ahead of launch later this year Vodafone CEO trials consumer IoT offering ahead of launch later this year Vodafone has committed to launching a consumer IoT offering after the summer, with the solution being personally trialled by the Group's CEO. More detail
Telia to cut 850 jobs as it registers Q2 loss Telia to cut 850 jobs as it registers Q2 loss Telia’s CEO has promised "vital" job cuts in Sweden as the operator plunged into the red in the second quarter. More detail
Tele2 ups EBITDA guidance as Q2 profits, sales increase Tele2 ups EBITDA guidance as Q2 profits, sales increase Tele2 has raised its full-year EBITDA guidance as 2017 continues to be a profitable year for the operator. More detail
VEON rolls out mobile internet platform to four new markets VEON rolls out mobile internet platform to four new markets VEON has launched the latest version of its mobile internet platform in four new markets, as it continues its reinvention as a digital services company. More detail
    

@eurocomms