ZTE Ranked First in PTN Market Revenue Share in 1Q11 by Dell'Oro Group
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 that the company ranks number one in the PTN market for 1Q11 in terms of revenue share.
According to the recent Optical Transport Report published by Dell'Oro Group, an industry renowned research company, ZTE has gained a market revenue of 43.9%, ranking first among all companies globally in Packet Transmission Networking (PTN) category. It also represents a massive growth in revenue with more than 150% compared with 1Q10.
“We are extremely pleased that Dell’Oro Group has recognized ZTE’s significant achievement in the PTN market. As one of the fastest growing optical packet products, ZTE plans to continue its expansion and growth over the coming months and successfully implement our PTN solutions globally,” commented Mr. Fan Xiaobing, General Manager of ZTE bearer network product line.
Optical Packet products represented by PTN have achieved a sales revenue of US$755 million dollars in 1Q11, increasing by 50% over the same period of the previous year, becoming one of the mainstream products in the ON field. ZTE’s revenue can be largely attributed to sales in Asia-Pacific, EMEA and Latin America. ZTE’s PTN products have been put into large-scale commercial use by the three operators in China and many Tier-1 Telecom operators in Europe and Latin America.
In the recent LTE bearing tests by China Mobile, ZTE’s PTN L3 VPN came first on the single-vendor test. In the first batch of HSPA+ network construction by China Unicom, ZTE delivered PTN bearer networks in seven cities, further verifying the maturity of PTN as the mainstream multi-service bearer solution in 3G/4G era. For overseas markets, ZXCTN series products ZXCTN 6110, 6200 and 6300 have passed the US NEBS (Network Equipment-Building System) certification successfully, indicating that ZTE’s products are in an industry-leading position in terms of technology, solution, reliability and environment friendliness.