12 December 2007, Shenzhen, China - ZTE Corporation ("ZTE"), a leading global provider of telecommunications equipment and network solutions, receives another top ranking based on a report released by a leading international research firm.
According to the report "Dataquest Insight: Mobile Network Infrastructure Contracts, Worldwide, 1H07" published by Gartner, the world's leading information technology research and advisory company, ZTE ranks first in terms of the number of mobile network contracts signed in the first six months of 2007.
Majority of the deals signed were GSM, CDMA and UMTS contracts. ZTE tops the ranking in spite of a drop in the number of contracts announced in the first half of 2007, down 64% compared with the second half of 2006, according to the report. Despite the decline in overall mobile infrastructure revenue globally, ZTE still leads the industry by sealing the most number in the industry especially in the Asia Pacific region and emerging markets, which constitute 33% of all the announced contracts, a total of 188 deals. ZTE's achievement is attributed to several significant partnerships the company forged with leading providers such as China Mobile, China Unicom, Reliance, Etisalat and Telenor.
"The Gartner report further validates the continuous evolvement of new emerging markets, luring huge business opportunities in wireless mobile telecom market with over half of new sales happening in those areas," said Dr Zhao Xianming, Vice President of Wireless Communications, ZTE Corporation. "ZTE offers highly innovative and unique products tailored to customers' needs, enabling us to seal significant number of deals especially in the CDMA area. In addition, our All-IP next generation GSM system continues to evolve, integrating 2G and 3G technology features, thus enhancing coverage and satisfying network requirements of emerging markets."
The Gartner report states that the drop in contract revenue was due to continued price pressure in emerging markets and the lack of revenue-generating "killer" applications. As such, Gartner sees the mobile network evolution to result in new market challenges in the years to come that will be to the advantage of Chinese vendors. It will allow Chinese equipment makers to offer quality solutions that will address specific and unique demands of the new emerging markets.
ZTE excels particularly in the CDMA area with its next-generation All-IP V3 integrated hardware platform, where it ranks first in base station delivery and number of contracts signed. ZTE also recorded remarkable 300% increase in GSM volume shipment in the period, allowing the company to expand its global GSM capacity to 90 million network lines. The company has also penetrated new markets such as Eastern and Western Europe for its UMTS access system. ZTE's mobile network infrastructure solutions are deployed by over 120 operators spread across more than 70 countries.
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