ZTE awarded "2010 IPTV Equipment Vendor of the Year" accolade

Release Time:2010-09-29
ZTE awarded "2010 IPTV Equipment Vendor of the Year" accolade - ZTE Press Release

ZTE awarded "2010 IPTV Equipment Vendor of the Year" accolade

Date:2010-09-29 ZTE Click:161

29 September 2010, Shenzhen –ZTE Corporation, (H share stock code: 0763.HK / A share stock code: 000063.SZ), a leading global provider of telecommunications equipment and network solutions, has been recognized as the "Best Practice Award-2010 IPTV Equipment Vendor of the year", marking the second time it has received the accolade. It received the award based on research conducted by leading consulting company, Frost & Sullivan.

Among IPTV vendors, ZTE ranked third in the world IPTV middleware market in terms of subscribers in 2010 H1, and was the leader in the IPTV middleware markets of Asia and China in 2010 H1.

With the development of the global broadband market, IPTV content and application has become more important. As one of the latest broadband applications, IPTV has attracted industry attention.

As Europe, Asia and North America begin to experiment and play TV programs through the IP transmission network, market growth in IPTV is likely to accelerate. The number of global IPTV subscribers is likely to increase to 62.1 million by the end of 2010, and is tipped to reach 267.9 million in 2014. The global IPTV market revenue is likely to grow to US$17.5 billion until 2010 and is forecast to increase to US$46.5 billion in 2014.

According to the research, by 2014 most of the new subscribers are expected to come from emerging markets, with China, Indonesia, Vietnam, India, Thailand and Philippines tipped to account for 62.0 percent of additional subscribers between 2009 and 2014.

ZTE has great influence in some regional markets, such as Asia, South America and the Middle East. In the Asian IPTV middleware market in 2010 H1, ZTE was ranked No. 1 in terms of its financial position, investment level, and business prospects. In the China IPTV middleware market 2010 H1, ZTE was also ranked No. 1 by achieving the leading edge based on its long-term R&D effort and market performance.

On the basis of large-scale IPTV deployment with China Telecom, ZTE has cooperated with many other operators, such as VNPT, the largest operator in Vietnam; Telkom Indonesia, the largest operator in Indonesia; and CANTV, Venezuela's biggest operator.

"We are honored to win 'Best Practice Award-2010 IPTV Equipment Vendor of the year' again, We believe it is a significant milestone for ZTE's sustainable developments and a clear endorsement of our IPTV solutions by the industry." said Mr. Yu Yifang, Vice President of ZTE, general manager of service product line. "ZTE has been engaged in R&D and the industrial promotion of IPTV. ZTE has built the world's largest H.264 IPTV network and had 2.52 million subscribers as of June 2010."

ZTE also actively promotes IPTV application around the world. By the end of June 2010, ZTE's IPTV products have been sold to major IPTV markets in Asia, the Americas and Europe, with over 5 million users. The 2005–2010 compound growth rate of ZTE's IPTV products reached 60.0 percent, making ZTE the fastest growing mainstream IPTV system provider.