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Showing posts with the label ZTE-The rising star

ZTE @ 25 Bravo!!!

It’s been inspiring to watch ZTE, since I came in contact with the company in 2003. I have watched her move from unknown Chinese enterprise to a global player. I have watched her make inroads into traditional strong holds of companies that far exceed its age and name. I have watch her bestrode the global telecommunication landscape like a colossus capturing lands and domains far away from its traditional territory. Domains long held by well known Americans and European companies. I have simply watched with admiration and attention, often wandering where these growth and conquest will eventually lead to. I have also advocated her styles and system as an example to us in Nigeria, as we aspire to be a global player in the world economic stage come 2020. A style that calls for devotion to ones duty, love for what you do, and who you represent (The enterprise), hardwork with an untiring spirit that says “We can”. What then is the secret of this growth for a company that started small 25 yea...

Time to Take Notice of ZTE

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Situation Overview ZTE is the largest publicly traded telecommunications equipment manufacturer from China. The company manufactures and supplies a broad range of wireless and fixed network equipment, having sold systems to service providers in China as well as international markets. In the wireless realm, its portfolio spans infrastructure and devices based on GSM/UMTS, Personal Handyphone System (PHS), WiMAX, and CDMA technologies. On March 25 and 26, 2009, the company held its Fifth Annual Analyst Conference in Shenzhen, PRC. Despite weak global economic conditions, ZTE delivered strong results, expanding further into international markets while strengthening its overall position in China. ZTE top line revenues grew over 27% to nearly RMB 44.3 billion in 2008, up RMB 9.5 billion from the 2007 level of RMB 34.8 billion (see Figure 1). Profits before income taxes also grew, expanding from RMB 1.7 billion to RMB 2.3 billion for a slightly faster 31% rate of growth. This rate of expansi...