ZTE Corporation - Company Report

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Company Reports are concise reports that provide a review of the company's activities, corporate strategy and recent developments.
Published: September 2007
Pages: 50

ZTE Corporation is engaged in the design, development, production, distribution, and installation of a range of advanced telecommunications systems and equipment, including wireless communications systems, wireline switch and access equipment, optical and data communications equipment, handsets, and telecommunications software systems and services.

The ZTE group is one of the major telecommunications equipment suppliers in China's telecommunication market and has also succeeded in gaining access to the global telecommunications market with respect to each of its major product segments. The group has achieved a leading market position for its telecommunications products in China and the group has established long-standing cooperative relationships with China's leading telecommunications service providers, including China Telecom, China Netcom, China Mobile, and China Unicom.

With respect to the global telecommunications market, ZTE has sold its products to over 500 customers in more than 100 countries and regions around the world, including telecommunications service providers in the UK, India, Indonesia, Pakistan, Thailand, Russia, Nigeria, Egypt, and Hong Kong, and continues to penetrate the markets of the developed countries. It has also established strategic cooperation relationships with global telecommunications service providers, including Portugal Telecom and France Telecom.

ZTE is listed on the Shenzhen Stock Exchange (since November 1997) and the Main Board of the Hong Kong Stock Exchange (since December 2004). As of September 4, 2007, the Chinese Government (through Shenzhen Zhongxingxin Telecommunications Equipment Company Limited) held a 35.12% stake in ZTE.

ZTE was originally established as Zhongxing Semiconductor Co Ltd in February 1985. Zhongxing Telecommunications Equipment Co Ltd (ZTE) was subsequently incorporated in March 1993.