ZTE sees profit and revenue grow in 2014

ZTE has announced a 94% rise in full year net profit due to higher sales of 4G network equipment and smartphones.

Net profit increased to $423.5 million in 2014 with revenue rising by 8.3% to approximately $13.1 billion.

The Chinese vendor claims it was the fastest-growing provider of 4G solutions globally in 2014, introducing network solutions such as Cloud Radio, QCell, UBR and Magic Radio.

In 2014, it also launched its M-ICT strategy, which targets growth in telecoms, enterprise ICT and consumer devices.

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