SHENZHEN, China--()--ZTE Corporation ("ZTE"), a leading global provider of telecommunications network and service solutions, announced today at the Mobile World Congress in Barcelona its compound annual growth rate (CARG) for its managed services business was 81 per cent from 2007 to 2011. ZTE’s managed services growth during the period was the fastest in the industry.
The company’s 100 managed services contracts now serve more than 100 million end users across the globe.
In 2005, ZTE changed its managed services strategy, which led to massive growth. Since then, the company’s managed services business has been one of its fastest growing areas. ZTE’s integrated end-to-end services solutions and intelligent managed services solutions provide operators with services that allow them to adapt to diverse demands.
“We are focused on transforming the telecommunications industry,” said ZTE’s Head of Professional Services Yang Jiaxiao. “In 2012, our managed services will be dedicated to improving end-user experiences by providing a full range of comprehensive service solutions across sectors.”
The company provides a comprehensive range of high-quality wireless, wireline, access & bearer managed services for more than 100 million subscribers in Europe, North America, the Middle East, Africa and Asia Pacific.
ZTE has expanded its business scope through partnerships with multinational operators such as Telenor, Teliasonera, Telefonica, Orange, H3G, MTN, KPN, STC, ZAIN and others. Austria H3G, which utilizes ZTE managed services, was proved the fastest across German-speaking countries according to independent tests conducted by European telecommunications publication CONNECT in November 2011.
About ZTE
ZTE is a publicly-listed global provider of telecommunications equipment and network solutions with the most comprehensive product range covering virtually every sector of the wireline, wireless, service and terminals markets. The company delivers innovative, custom-made products and services to over 500 operators in more than 140 countries, helping them to meet the changing needs of their customers while achieving continuous revenue growth. ZTE’s 2010 revenue led the industry with a 21% increase to USD10.609 billion. ZTE commit 10 percent of its revenue to R&D and takes a leading role in a wide range of international bodies developing emerging telecoms standards. As a company with sound corporate social responsibility (CSR) initiatives, ZTE is also a member of the UN Global Compact. ZTE is China’s only listed telecom manufacturer, publicly traded on both the Hong Kong and Shenzhen Stock Exchanges (H share stock code: 0763.HK / A share stock code: 000063.SZ). For more information, please visit www.zte.com.cn.