3 August 2009, Shenzhen, China – ZTE Corporation (“ZTE”) (H share stock code: 0763.HK / A share stock code: 000063.SZ), a leading global provider of telecommunications equipment and network solutions, has been named a “Top 3” LTE Network Infrastructure Vendor by Gartner, the world's leading information technology research and advisory company. In its latest industry report, “Dataquest Insight: Scorecard for Vendors of Long Term Evolution Network Infrastructure,”Gartner uses an item-by-item rating method to comprehensively evaluate the performance of global LTE vendors.
Gartner divides market performance into seven criteria including: Product or Service, Market Understanding, Offering/Product Strategy, Geographic Strategy, Sales and Marketing Strategy, Market Responsiveness and Track Record. In addition, the report also employs a 5-level rating for each criteria to review the major telecom equipment vendors, including Alcatel-Lucent, Ericsson, Huawei, Nokia Siemens Networks and ZTE and among others. ZTE rated as a strong performer, was at the top of list in “Geographic Strategy” and has zero “Risk” rating.
According to Gartner, ZTE is a strong player in the LTE industry with a quality product portfolio and a growth strategy that is both prudent and sustainable. ZTE is continually improving its marketing and business reach outside of China, while also strengthening its regional market presence, as Asia/Pacific offers good growth opportunities for mobile infrastructure vendors. In addition, its strong financial position has allowed it to maintain its R&D spending at 10% of revenue.
The report also forecasts that 70% of UMTS vendors will gradually upgrade to HSPA+ and LTE, and that most CDMA operators will choose LTE.