Country 2012 sales hit $700 million
NEW DELHI - Thursday, March 14th 2013 [ME NewsWire]
(BUSINESS WIRE)-- ZTE Telecom India PVT Ltd., a 100% subsidiary of ZTE Corporation ("ZTE”) (H share stock code: 0763.HK / A share stock code: 000063.SZ), a publicly-listed global provider of telecommunications equipment, network solutions and mobile devices, today announced the appointment of Xu Dejun as its CEO for its India operations.
The company also announced that its India 2012 sales hit $700 million, reflecting an increase over the past two years.
Xu Dejun began working at ZTE in 2001 at the company’s headquarters in Shenzhen, China, before moving to India in 2005. He has over a decade of experience in international projects and business development and marketing. Prior to his appointment as India CEO, Mr. Xu worked as ZTE Africa’s head of international projects, as ZTE India’s head of technical sales and as the senior vice president of ZTE India’s Indian Engineering Service Center.
"India is an important market for us. In 2013, we have renewed our focus on key customers, our service business and terminals,” said Mr. Xu, "Further, our enterprise business is expanding at a phenomenal rate and we have focused partner initiatives in place to build more synergy there. In addition, we’re working on various projects for education, hospitality and smart cities.”
ZTE was the partner of choice for the first LTE rollout in India, a collaboration with Bharti Airtel. In addition, ZTE worked with Beetel Teletech to successfully expand its data product portfolio, into the enterprise space. As a testament to ZTE’s efficiency implementing cost-effective broadband infrastructure and its contribution to economic growth in India, the company was recognized as the India’s best broadband infrastructure company for the 2011-2012 year by the Voice & Data 100 Survey 2012.
In 2013, ZTE will launch a range of terminals including 3G data cards and smartphones in India, with a view to a 30 percent increase in smartphone revenue.
ZTE is a publicly-listed global provider of telecommunications equipment and network solutions with the most comprehensive product range covering virtually every telecommunications sector, including wireless, access & bearer, VAS, terminals and professional services. The company delivers innovative, custom-made products and services to over 500 operators in more than 140 countries, helping them to meet the changing needs of their customers while growing revenue. In 2011, ZTE’s revenue increased by 29 percent increase to USD 13.7 billion. Its overseas operating revenue grew 30 percent to USD 7.4 billion during the period, accounting for 54.2 percent of overall operating revenue. ZTE commits 10 percent of its annual revenue to research and development and has leadership roles in several international bodies devoted to developing telecommunications industry standards. ZTE is committed to corporate social responsibility and is a member of the UN Global Compact. The company is China’s only listed telecom manufacturer that is publicly traded on both the Hong Kong and Shenzhen Stock Exchanges (H share stock code: 0763.HK / A share stock code: 000063.SZ). For more information, please visit www.zte.com.cn.
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