ZTE Shows Strong Growth

Telecoms equipment maker ZTE said its revenue in the first quarter grew 35% year on year to 11.67 billion Chinese yuan (1.7 billion US dollars). The company said that its networks business grew 47% driven mainly by revenue generated from 3G and GSM network building, while handset revenues grew 22% with growth in domestic sales of CDMA handsets and international sales of 3G handsets. source: ZTE statement