ZTE Bullish on Emerging Markets

ZTE chairman bullish on telecom business opportunities in developing nations

November 23, 2007

1 Min Read

SHENZHEN, China -- ZTE Corporation (“ZTE”), a leading global provider of telecommunications equipment and network solutions, recently participated in one of the most celebrated events in the mainland to commemorate the 20th year of the commercial deployment of large-scale cellular mobile telecom system in China. With ZTE’s Chairman Hou Weigui as special guest, ZTE joined other leading industry providers such as China Mobile, China Unicom, and major organizations at the China’s 20th Mobile Telecom Development Forum, held on November 18th in Beijing. The annual conference reviews the history of mobile telecom development in China as well as presents relevant and latest domestic telecommunication industry data.

ZTE was the only vendor from the telecom equipment provider area to be invited to present at the forum. Mr. Hou delivered a keynote address on the emergence of China telecom providers, as well as how ZTE sees future developments that will shape the local telecom industry in the years to come.

"ZTE's infrastructure development experience in China is what makes us very competitive in the international telecom arena," Mr. Hou said in his keynote speech. "We believe that there are huge business opportunities in developing and highly populated countries such as India, Pakistan, and Indonesia. In India alone for instance, ZTE has sealed over US$7 hundred million worth of contract deals in 2007, allowing us to deliver a remarkable record of 10 million handsets in the country and making India as our 2nd largest market for handset devices."

ZTE Corp. (Shenzhen: 000063; Hong Kong: 0763)

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