ZTE India posts $470 million revenue in fiscal 2013-14

ZTE India has reported $470 million (2.9 billion RMB) revenue during the financial year 2013-14.

For comparison, Ericsson India posted $234 million revenue in the second quarter of 2014 alone, registering 29 percent growth.

Also read: Ericsson India second quarter revenue up 29% to $234 million

ZTE did not share growth in revenue as compared with the previous fiscal.

The Chinese telecom network vendor said it generated 2.4 billion RMB from network operations and the remaining from terminal business in India.

ZTE turns around

ZTE India region accounts for around 3 percent of the company’s global revenue.

Also read: ZTE revenue in 2013 dips 11% to $12 bn, despite 200% growth in 4G LTE

Its 4G LTE focus is contributing its revenue in India. ZTE has recently deployed LTE network in four new circles for Aircel. After Airtel, Aircel was the second telecom operator to offer 4G services in the country.

Also read: Aircel signs 4G LTE network deal with ZTE

The terminal business saw decent growth after its entry into the open handset market in 2013. ZTE said 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.

ZTE did not share specific market share details on smartphones. IDC does not feature ZTE in the top 5 smartphone brands based on volume market share.

“FY 2013-14 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 will consistently follow its strategy to focus in key operations and target business innovations,” Xu Dejun, CEO, ZTE India.