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ZTE India Posted Yearly Sales Of Over 468 Million USD

Sulabh PuriJul 24, 2014, 17:06 IST

ZTE, the popular Chinese IT and peripheral manufacturing arm has announced its yearly results in India. In the financial year ending March 2014, ZTE managed sales of over 468 million US dollars. This is a huge amount for the company with just the India sales. LTE deployment for Aircel and Airtel in many circles in India is one of the main reasons for such strong growth.

“FY 2013-14 has been a breakthrough year for us and we bagged major LTE deals with Airtel and Aircel. On the smartphone front we entered the open market and we have high hopes for the terminal division. ZTE will consistently follow its strategy to focus in key operations and target business innovations. The company will continue to implement its strategy as planned, striving for innovations in both technology and business model”, said Mr. Xu Dejun, CEO, ZTE India.