ZTE Tallies Sterling Growth in Global WiMAX Market
In-Stat Report Ranks ZTE Among the 2008 Top WiMAX Equipment Vendors
SHENZHEN, China, Feb. 10 /PRNewswire-Asia/ -- ZTE Corporation ("ZTE"), a
leading global provider of telecommunications equipment and network solutions,
recorded another sterling growth performance in the area of WiMAX commercial
network market in 2008, according to a report entitled 'Global WiMAX Market,
Takes off in 2009' released by In-Stat, a leading US research firm. The report
reveals that out of the 94 new WiMAX 16e commercial networks deployed last
year, ZTE had 15 of them or 16% of all the networks established worldwide,
lining up the company among the top two WiMAX equipment vendors in 2008.
ZTE performed well in high-end markets including the United States and
Western Europe. It has deployed 15 new commercial WiMAX networks in markets
such as Asia, Africa, North and South America and Europe. According to the
report, with ZTE's industry proven WiMAX terminal solutions and a significant
number of commercial WiMAX networks the company is planning to install in the
years to come, there is a high probability that the company can assume the
number one spot as WiMAX equipment vendor worldwide.
The increasing demand for new mobile applications resulted in the rapid
growth of WiMAX worldwide last year, the report added, with countries such as
the United States, Japan and India pioneering WiMAX deployment. WiMAX has been
growing tremendously and widely adopted globally due to its capability to
provide mobile operators with high bandwidth capacity, lower operational cost,
and install multiple terminals in an open environment. The technology, In-Stat
predicts, will grow even more rapidly in the next five years, with subscribers
reaching over 85 million by 2013.
ZTE is one of the few vendors in the world that pioneered research and
development on WiMAX. As of November 2008, ZTE has already deployed more than
30 WiMAX 16e networks across different regions and countries, including
Asia-Pacific, Middle East, Africa, Europe, and the Americas region.
About ZTE
ZTE is a leading global provider of telecommunications equipment and
network solutions. The ZTE product range is the most complete in the world -
covering virtually every sector of the wireline, wireless, service and
terminals markets. The company delivers innovative, custom-made products and
services to customers in more than 135 countries, helping them to achieve
continued revenue growth and to shape the future of the world's communications.
ZTE commits around 10% of annual turnover to research and development and
takes a leading role in a wide range of international bodies developing
emerging telecom standards. It is the fastest growing telecom equipment
company in the world, and is China's only listed telecom manufacturer, with
shares publicly traded on both the Hong Kong and Shenzhen Stock Exchanges. ZTE
was included in BusinessWeek's 2006 ranking of China's Top 20 Brands. ZTE was
awarded the "Most Promising Vendor of the year" by Frost & Sullivan in its
2007 Asia Pacific ICT Awards, and was reported as the fastest growing telecom
equipment and solutions provider among the major telecom vendors worldwide by
IDC in 2007. For more information, please visit http://www.zte.com.cn .
