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

BT revenues jump 35% as £12.5bn EE acquisition sinks in BT revenues jump 35% as £12.5bn EE acquisition sinks in BT saw revenues jump a massive 35 percent to £5.78 billion in the quarter ended June 30, mainly due to its acquisition of EE at the end of January. More detail
Ericsson takes reduced managed services role with Sprint Ericsson takes reduced managed services role with Sprint Ericsson has renewed certain parts of its long-running managed services contract with US telecoms operator Sprint, it said today. More detail
Telefónica claims Q2 growth, despite heavy blow from foreign currencies Telefónica claims Q2 growth, despite heavy blow from foreign currencies Telefónica's operating income was down by 7.1 percent in the quarter ended June 30, as depreciation of the Brazilian real, Argentine peso and British pound against the euro impacted its figures. More detail
UK broadband players issue call to effect change on Openreach UK broadband players issue call to effect change on Openreach A coalition of UK broadband providers has launched a campaign to keep the pressure on Openreach, a day after regulator Ofcom decided against forcing a separation of it from BT. More detail
Ericsson wins deal to boost indoor coverage in Jakarta Ericsson wins deal to boost indoor coverage in Jakarta Ericsson is boosting indoor coverage within Jakarta International Airport and beyond after winning a contract with Indonesian operator XL Axiata. More detail
    

@eurocomms