ZTE to launch more smartphones, names new CEO in India

Thu Mar 14, 2013 1:18pm IST

A ZTE Grand X LTE 4G smartphone is displayed at a news conference in Hong Kong August 28,2012. REUTERS/Tyrone Siu/Files

A ZTE Grand X LTE 4G smartphone is displayed at a news conference in Hong Kong August 28,2012.

Credit: Reuters/Tyrone Siu/Files

Related Topics

Stocks

   

REUTERS - ZTE Corp 000063.SZ, China's second-largest telecom equipment maker, said it plans to launch more products in India to help increase smartphone revenues by 30 percent this year, while naming a new chief executive for its operations in the country.

ZTE India named Xu Dejun as CEO to replace Cui Liangjun, who will move to the company's headquarters in Shenzhen, China.

It also said 2012 sales for its India operations rose over the last two years to $700 million. The year-ago sales figure was not immediately available.

ZTE, which is also the world's fourth-biggest handset maker, and rival Huawei Technologies Co Ltd HWT.UL 002502.SZ have diversified from selling just telecom network gear, where growth has slowed, into consumer electronics gadgets such as smartphones and tablet PCs.

The Indian telecom network gear market has struggled in the past one year after a Supreme Court order to revoke permits of several smaller cellular carriers.

(Reporting By Aradhana Aravindan in MUMBAI; Editing by Sunil Nair)

FILED UNDER:
Comments (0)
This discussion is now closed. We welcome comments on our articles for a limited period after their publication.

  • Most Popular
  • Most Shared

BACK IN JAIL

REUTERS SHOWCASE

Modi Hurdle

Modi Hurdle

Appointment of Arvind Subramanian as chief economic adviser hits Modi hurdle.  Full Article 

USL Board

USL Board

Diageo bars United Breweries from appointing independent director at United Spirits.  Full Article 

Amazon in India

Amazon in India

Amazon to sell packaged food and beverages in India - Economic Times.  Full Article 

iOS 8 Issue

iOS 8 Issue

iOS 8 causing Bluetooth connectivity issues - Apple news blog  Full Article 

NYT Job Cut

NYT Job Cut

New York Times to cut jobs as new products disappoint  Full Article 

Factory Activity

Factory Activity

Factories expand at slowest pace this year in September  Full Article 

Monetary Policy

Monetary Policy

RBI not biased towards either raising or cutting rates - Rajan  Full Article 

Weak Demand

Weak Demand

Weak demand hits factory activity across Asia, Europe  Full Article 

Pimco Fund

Pimco Fund

Pimco Total Return Fund posts record $23.5 bln net outflow in Sept  Full Article 

Reuters India Mobile

Reuters India Mobile

Get the latest news on the go. Visit Reuters India on your mobile device.  Full Coverage