ZTE revenue grows 7% to $11.55 billion in nine months

ZTETelecom equipment maker ZTE Corporation said it posted revenue of RMB76.58 billion or $11.55 billion (+7.01 percent) in the first nine months of 2017.

Net profit of ZTE was RMB 3.905 billion or $589 million (+36.58 percent) for the nine months ended 30 September 2017.

ZTE said the company’s net profit was bolstered by the growth of operations in carriers’ network and consumers business, is estimated to be RMB 4.3-4.8 billion for the whole year.

Latest

More like this
Related

TPG in talks to acquire Crown Castle’s fiber unit for $8 bn

Buyout firm TPG is reportedly in advanced discussions to...

Nokia to receive $45 mn grant in US to bolster Open RAN

Telecom equipment maker Nokia is set to receive $45...

Nokia partners with EOLO to deploy Europe’s first 5G standalone mmWave network

Nokia has signed a four-year agreement with EOLO, a...

Telenor signs TCS to provide ITIS managed service in Denmark

Telenor, the second largest mobile operator in Denmark, has...