| Type | Public company |
|---|---|
| Traded as | SZSE: 000063, SEHK: 0763 |
| Industry | Telecommunications |
| Founded | 1985 |
| Founder(s) | Hou Weigui |
| Headquarters | ZTE Plaza, Shenzhen, Guangdong Province, People's Republic of China |
| Key people | Hou Weigui, Shi Lirong |
| Products | Mobile phones, hardware, software and services to telecommunications service providers and enterprises |
| Operating income | 70,263.9 million RMB(2010) |
| Net income | 3,250.2 million RMB (2010) |
| Website | www.zte.com.cn (English) |
ZTE Corporation (simplified Chinese: 中兴通讯股份有限公司; traditional Chinese: 中興通訊股份有限公司; pinyin: Zhōngxìng tōngxùn gǔfèn yǒuxiàn gōngsī) (SZSE: 000063; SEHK: 0763) formerly Zhongxing Telecommunication Equipment Corporation is a Chinese multinational telecommunications equipment and systems company headquartered in Shenzhen, China. As of 2011 it is the second-largest Chinese telecoms equipment maker[1] (after world number two Huawei) and the world's fourth-largest mobile phone manufacturer.[2]
ZTE's core products are wireless, exchange, access, optical transmission and data telecommunications gear; mobile phones;[3] and telecommunications software.[4] It also offers products which provide value-added services,[5] such as video on demand and streaming media.[6] ZTE's customers are primarily telecommunications service providers and mobile network operators.[6][7] It is also an OEM and manufactures products which retail under other brand names.[8]
ZTE was founded in 1985 by a group of state-owned enterprises associated with China's Ministry of Aerospace.[9]
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ZTE, like many large Chinese companies, has its roots in the Chinese State having been created in 1985 by a group of state-owned enterprises associated with China's Ministry of Aerospace.[9] Ties to the state notwithstanding, the corporation is publicly traded having made an initial public offering (IPO) on the Shenzhen stock exchange in 1997 and another on the Hong Kong stock exchange in December, 2004.[9]
While the company initially profited from domestic sales,[10] it vowed to use money from its 2004 Hong Kong IPO to further expand R&D, overseas sales to developed nations and overseas production.[9] Making headway in the international telecom market in 2006, it took 40% of new global orders for CDMA networks[11] topping the world CDMA equipment market by number of shipments.[12] That same year also saw ZTE find a customer in the Canadian Telus[7] and membership in the Wi-Fi Alliance.[13] More customers in developed nations soon followed Telus' lead, and in 2007 ZTE had sold to UK's Vodafone, Spain's Telefonica and the Australian Telstra,[7] as well as garnering the greatest number of CDMA contracts globally.[14] By 2008 ZTE would be able to claim its customer base was truly global, as it had made sales in 140 countries.[7]
In 2009 the company had become the worldwide third-largest vendor of GSM telecom equipment, and ZTE sales accounted for about 20% of all GSM gear sold throughout the world that year.[15] As of 2011 it holds around 7% of the key 3GPP Long Term Evolution patents,[16] and that same year it launched world's first smartphone with dual GPS/GLONASS navigation, MTS 945.
A good number of ZTE's customers are outside of China. While the majority are developing country mobile network operators, ZTE products also see use in developed countries as well. The UK's Vodafone, Canadian Telus and Public Mobile, as well as France Telecom have all purchased equipment from ZTE.[17]
Many Chinese companies are also ZTE customers, including China Netcom,[18] China Mobile,[19] China Satcom,[20] China Telecom,[21] and China Unicom.[5]
ZTE has several international subsidiaries and surely more domestic ones.
ZTE entered the Australian market in 2005,[22] and ZTE (Australia) Pty Ltd,[23] as of 2009, acts as the exclusive supplier of ZTE handsets, network cards and other products to customers, such as Telstra, in Australia.
ZTE Deutschland GmbH was founded in 2005 with headquarters in Düsseldorf; it, as of 2008, had hired 50 people, 60% of whom were recruited locally.[24]
A North American subsidiary of ZTE,[25] with headquarters in Richardson, Texas,[26] ZTE USA Inc offers wireless handset and networking solutions in the US.[25]
ZTE (Hong Kong) Ltd. (China) is major player in the global contract manufacturing industry.
ZTE presented in the 2010 Mobile World Congress a tablet computer that runs Google Android,[27] the ZTE V9.[28]
In 2011, ZTE announced 2 tablets at Mobile World Congress, the ZTE V11 that runs Android 3.0, and the Z-pad.[29]
ZTE has experienced several legal controversies, most involving attempts to bribe officials in the hope of winning national contracts.
Norwegian telecommunications giant Telenor, the world’s 6th largest mobile operator, banned ZTE from "participating in tenders and new business opportunities because of an alleged breach of its code of conduct in a procurement proceeding” during a five month time span ending in March, 2009.[30]
Contract negotiations to build a broadband network for the Philippine government may have included bribes.[31] The project was later canceled.[31]
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