Advertisement

HindustanTimes Mon,22 Dec 2014

ZTE to launch more smartphones, names new CEO in India

Reuters   March 14, 2013
First Published: 14:03 IST(14/3/2013) | Last Updated: 14:05 IST(14/3/2013)

ZTE Corp, China's second-largest telecom equipment maker, said it plans to launch more products in India to help increase smartphone revenues by 30 percent this year, while naming a new chief executive for its operations in the country.

Advertisement



ZTE India named Xu Dejun as CEO to replace Cui Liangjun, who will move to the company's headquarters in Shenzhen, China.

It also said 2012 sales for its India operations rose over the last two years to $700 million. The year-ago sales figure was not immediately available.

ZTE, which is also the world's fourth-biggest handset maker, and rival Huawei Technologies Co Ltd HWT.UL 002502.SZ have diversified from selling just telecom network gear, where growth has slowed, into consumer electronics gadgets such as smartphones and tablet PCs.

The Indian telecom network gear market has struggled in the past one year after a Supreme Court order to revoke permits of several smaller cellular carriers.


Advertisement
more from Business

Special court verdict in Satyam case likely tomorrow

Days after Satyam founder B Ramalinga Raju was sentenced to 6 months’ jail in SFIO cases, a special court here is expected to pronounce its verdict on Tuesday in the multi-crore accounting fraud.
markets
Advertisement
Most Popular
Advertisement
Advertisement
Copyright © 2014 HT Media Limited. All Rights Reserved