ZTE Boasts Success

SHENZHEN, China -- ZTE Corporation (“ZTE”), a leading global provider of telecommunications equipment and network solutions, tops the global CDMA market in terms of the number of CDMA contracts signed in 2007. This finding is based on “China’s CDMA Market Development Research Report” published by China MII’s CATR (China Academy of Telecommunication Research, December 2007). The report shows that ZTE has 43% of the CDMA infrastructure contracts signed in 2007, placing the company way ahead of its competitors worldwide.

In 2007 alone, ZTE delivered more than 24,000 units of CDMA base stations worldwide, achieving more than 100% annual growth rate over 2006. As of to date, ZTE tallies up to 68,000 units of CDMA base stations shipments, stabilizing its position as one of the tier-one providers worldwide.

In terms of market forecast, MII’s CATR predicts the number of CDMA users to reach 600 million by 2010, or an annual compound growth rate (ACGR) of 12.4%, laying ahead enormous market opportunities. EV-DO users are also expected to reach 450 million, with an ACGR of 68.7% from 2007 to 2010. For the same period, China’s CDMA market’s ACGR is estimated at 24.9% with the number of CDMA users exceeding 90 million by 2010.

“We are very proud that for the second consecutive year, our CDMA business continues to pace the global market. This only shows that the R&D we have invested in developing highly reliable CDMA product combined with our commitment to quickly bringing the equipment to the market and customers is paying off,” said Mr. Zhu Jinyun, General Manager of ZTE’s CDMA product. “This year, in line with our vision of ‘universalizing’ CDMA handsets, we will continue to provide the global market with CDMA products with lower TCO (total cost of ownership), All-IP CDMA2000 network solutions and advanced EV-DO Rev.A and UMB (Ultra Mobile Broadband) technology.”

ZTE Corp. (Shenzhen: 000063; Hong Kong: 0763)