ZTE has announced a record-breaking performance in the last fiscal in the country, despite a challenging economic environment. The company has registered a strong growth of 50% increase in sales reiterating the company’s leadership position in the Indian telecom market. ZTE currently enjoys over 75% market share for NGN products and is also the market leader in the CDMA category.
Additionally, ZTE experienced large-scale growth coming from the GSM space in India. The company also reported a considerable increase in the India headcount. Figures suggest that there was a growth of 50% in the India workforce over last year’s total head count which translates to 10% of the total global hires last year by ZTE Corporation. Key data released by ZTE supports the impressive growth story and provides proof-points of the company’s multi-fold investments in the Indian market for 2010.
ZTE also plans to make targeted investments in the 2G, 3G, bearer network and fixed line broadband in the Indian market. In the WiMAX arena, ZTE has emerged as a strong contender having already made successful inroads in the Indian 3G market with its BSNL WiMAX win in 2009. In the UTMS product space, ZTE’s SDR solutions have surfaced as the most compelling offering for the operators today.
“This growth story is a result of our continued and strong commitment in the India market. Having seen many phases of growth and challenges, I am proud to announce this continued momentum. Our firm foundation, core technology capabilities and strategic priorities were instrumental in driving our sustained success,” said Dr. D. K. Ghosh, Chairman & Managing Director, ZTE India Pvt. Ltd.
