ZTE India posts sales of nearly Rs 2,813 crore in FY2013-14

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Chinese telecom gear maker ZTE today said it has registered total sales of RMB 2.9 billion (about Rs 2,813 crore) for the financial year 2013-14.

Of the total sales, network operations business accounted for about RMB (Renminbi) 2.4 billion (about Rs 2,328 crore), while the remaining was contributed by the terminal business (mobile handsets). ZTE India accounts for around three per cent of the company’s global revenue. “ZTE has been one of the preferred partners in India which has allowed the company to grow and expand in both networking and terminal business,” it said in a statement.

The firm has recently deployed LTE network in four new circles for telecom operator, Aircel, it added. ”FY2013-14 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 India CEO Xu Dejun said. ZTE will consistently follow its strategy to focus in key operations and target business innovations, he added.

ZTE said its terminal business saw decent growth after its entry into the open handset market in 2013, which has helped the company strengthen its  position further. Additionally, a strong and uninterrupted growth in the smartphones market has resulted in the company’s ability to maintain its position among top five largest handset manufacturers, it said.