Global telecoms giant ZTE sees gold in Chinese roots

China’s ZTE, which helped bring the telephone to millions of homes during the Deng Xiaoping era, is counting on a new generation of tech-savvy smartphone users to drive at least US$7.5 billion (HK$58.2 billion) of 4G network projects and elevate its sagging fortunes.

Shenzhen-listed ZTE, founded in the mid-1980s, clinched its first major overseas contract in Bangladesh in the mid-1990s. Since then, it has been aggressively expanding overseas and challenging telecoms equipment manufacturers such as Ericsson and Alcatel-Lucent in emerging markets from Asia to Africa.

via Business feed http://www.scmp.com/business/companies/article/1199329/global-telecoms-giant-zte-sees-gold-chinese-roots