SHENZHEN, China - Thursday, October 16th 2014 [ME NewsWire]
(BUSINESS WIRE) ZTE Corporation (“ZTE”) (H share stock code: 0763. HK/A share stock code: 000063.SZ), a publicly-listed global provider of telecommunications equipment, network solutions and mobile devices, ranks second in the global PON (passive optical network) market, according to global consulting firm Ovum, with 4.885 million lines of PON product shipped in Q2 2014, an increase of 35.3 percent over the first quarter of the year, and a market share of 20.9 percent.
ZTE was also ranked first in the global EPON (Ethernet passive optical network) market with overall EPON product shipments of 3.042 million lines and a global EPON market share of 36.3 percent. The results in the second quarter of 2014 are mainly due to strong market expansion in Asia-Pacific, Latin America and Europe.
The Market Share Report 2Q14 FTTx, DSL, and CMTS report from Ovum reports that ZTE’s global PON OLT (optical line terminal) shipments in 2014 Q2 exceeded 15.26 million lines, representing a quarterly increase of 35 percent. The surge in OLT port shipments reflects continued FTTH (fibre to the home) network deployments by various content service providers (CSPs) such as China Telecom, CenturyLink in the U.S., and numerous operators in Eastern Europe and South and Central America, along with new network builds by operators including China Mobile, Google Fiber and AT&T’s new U.S. FTTH city/regional announcements.
Mr Zhu Yongxing, Vice President, ZTE, said: “ZTE’s PON products have maintained a strong development momentum in the second quarter of 2014, reflecting wide acceptance by operators worldwide. We will continue to provide top-of-the-range products and services to help global customers leapfrog their competitors.”
ZTE is a publicly-listed global provider of telecommunications equipment and network solutions with the most comprehensive product range covering virtually every telecommunications sector, including wireless, access & bearer, VAS, terminals and professional services. The company delivers innovative, custom-made products and services to over 500 operators in more than 160 countries, helping them to meet the changing needs of their customers while growing revenue. ZTE commits 10 per cent of its annual revenue to research and development and has leadership roles in several international bodies devoted to developing telecommunications industry standards. ZTE is committed to corporate social responsibility and is a member of the UN Global Compact. The company is China’s only listed telecom manufacturer that is publicly traded on both the Hong Kong and Shenzhen Stock Exchanges (H share stock code: 0763.HK / A share stock code: 000063.SZ). For more information, please visit www.zte.com.cn.
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