World VoIP NewsZTE keeps focus on LTE deploymentsZTE keeps focus on LTE deployments

ZTE keeps focus on LTE deployments

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While acknowledging ZTE's relatively small presence in developed markets, company executives expressed confidence that the firm's approach to the global wireless infrastructure market will yield positive results in the coming years.
That includes ZTE's ability to tap the lucrative North American wireless infrastructure market.

Speaking at the Chinese vendor's corporate headquarters here, ZTE executives said in interviews that the company's strong financial position and its continuing investments in research and development will help it grow in the dynamic infrastructure market, especially compared with rivals Alcatel-Lucent and Nokia Siemens Networks. Indeed, the company counts 15 R&D centers worldwide, including nine in China and three in the United States. The company invests around 10 percent of its revenue into R&D, and 25,000 of its 70,000 employees are focused on the area.

ZTE had a banner year in 2009: The company's net profit jumped 48 percent to $360.4 million, up from $243.2 million in 2008, and its 2009 revenue rose 36 percent to $8.83 billion, from $6.48 billion in 2008. Despite this success, Xu Ming, ZTE's vice president of wireless products, acknowledged the company still does not have a significant presence in North America, Western Europe or Latin America. Still, he remained confident that ZTE could continue its remarkable growth.

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