ZTE increases guidance after improved margins
China’s ZTE has said today that it is raising its earning guidance for the first half of 2014, following reportedly improving margins from its global business, as well as revenue from contracts for the deployment of China’s next-gen telecoms network.
The Chinese vendor said it expects between 1 billion ($161.1 billion) and 1.15 billion yuan in revenue for the first half of this year, having previously cited between 800 million and 1 billion.
China Mobile awarded a substantial number of contracts for its 4G roll-out to ZTE and rivalling vendor Huawei in May this year.
ZTE has been pushing forward with innovative technologies and solutions, and earlier this month, revealed its pre-5G concept plan.