ZTE Gains World-Leading Market Share in Optical Network in 2011; Company achieves top growth rate for second straight year
(M2 PressWIRE Via Acquire Media NewsEdge) Shenzhen, China -- ZTE Corporation ("ZTE") (H share stock code: 0763.HK / A share stock code: 000063.SZ), a publicly-listed global provider of telecommunications equipment and network solutions, today announced its market share in the global optical network grew by 5 per cent in 2011, the most of any company worldwide.
According to a March 2011 report published by the research firm Ovum, ZTE gained the most market share of any company in the world for the second straight year in the global optical network market, with a 1.8 share points increase compared to 2010. In the same two-year period, the company moved from world No. 5 to world No. 2 ranking in the global optical network market, with annual revenues now surpassing $1.7 billion.
The Ovum report also states that global optical network growth in 2012 will involve 40G, 100G, and OTN switching and packet transport. With a focus on these technologies, ZTE has made 100G, ultra-100G and OTN products a priority in 2012. To date, ZTE bearer network products have been implemented by nearly 600 operators in 126 countries around the world.
ZTE was a top performer in the optical network market in 2011. Its optical network aggregation layer product (multi-service bearing) revenue exceeded $1.1 billion, ranking No.2 in the industry. In the converged packet optical (CPO) market, the ZTE ZXCTN series optical packet integrated solution has a rapid growth to 17% market share, attaining the No.2 ranking in the world. The company also ranked No.2 in SCA market share in 2011 and was No. 1 in annual growth in the optical network market in EMEA.
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