ZTE Gains World-Leading Market Share in Optical Network in 2011
Company achieves top growth rate for second year
27 April 2012, Shenzhen, China – ZTE Corporation (“ZTE”) (H share stock code: 0763.HK / A share stock code: 000063.SZ), a publicly-listed global provider of telecommunications equipment and network solutions, today announced its market share in the global optical network grew by 5 per cent in 2011, the most of any company worldwide.
According to a March 2011 report published by the research firm Ovum, ZTE gained the most market share of any company in the world for the second year in the global optical network market, with a 1.8 share increase compared to 2010. In the same two-year period, the company moved from world No. 5 to world No. 2 ranking in the global optical network market, with annual revenues now surpassing $1.7 billion.
The Ovum report also states that global optical network growth in 2012 will involve 40G, 100G, and OTN switching and packet transport. With a focus on these technologies, ZTE has made 100G, ultra-100G and OTN products a priority in 2012. To date, ZTE bearer network products have been implemented by nearly 600 operators in 126 countries around the world.
ZTE was a top performer in the optical network market in 2011. Its optical network aggregation layer product (multi-service bearing) revenue exceeded $1.1 billion, ranking No.2 in the industry. In the converged packet optical (CPO) market, the ZTE ZXCTN series optical packet integrated solution has a rapid growth to 17 per cent market share, attaining the No.2 ranking worldwide. The company also ranked No.2 in SCA market share in 2011 and was No. 1 in annual growth in the optical network market in EMEA.
About ZTE
ZTE is a publicly-listed global provider of telecommunications equipment and network solutions with the most comprehensive product range covering virtually every telecommunications sector, including wireless, access & bearer, VAS, terminals and professional services. The company delivers innovative, custom-made products and services to over 500 operators in more than 140 countries, helping them to meet the changing needs of their customers while growing revenue. In 2011, ZTE’s revenue increased by 23.4 per cent increase to RMB 86.25 billion. Its overseas operating revenue grew 24 per cent to RMB 46.76 billion during the period, accounting for 54.2 per cent of overall operating revenue. ZTE commits 10 per cent of its annual revenue to research and development and has leadership roles in several international bodies devoted to developing telecommunications industry standards. ZTE is committed to corporate social responsibility and is a member of the UN Global Compact. The company is China’s only listed telecom manufacturer that is publicly traded on both the Hong Kong and Shenzhen Stock Exchanges (H share stock code: 0763.HK / A share stock code: 000063.SZ). For more information, please visit www.zte.com.cn.
