ZTE delivers 3 mln 3G mobile terminals in 2009

Feb. 17, 2010 (China Knowledge) - ZTE Corp<000063><0763>, the second-largest telecom equipment provider in China, delivered more than 3 million TD-SCDMA terminals in 2009, sources reported, citing ZTE General Manager Luo Zhongshen as saying.

Shenzhen-based ZTE aims to double the amount this year, said Luo.

Handsets and wireless terminals each accounted for about 40% of ZTE's total TD-SCDMA terminal shipments last year, while data cards accounted for the remaining 20%.

ZTE recently said it planned to raise HK$2.62 billion through a share sale to replenish general working capital. It will issue 58.3 million new H shares at HK$45 apiece.

ZTE's sales in the first three quarters of last year were reportedly 42% higher than in the same period of 2008. The firm's mobile phone sector accounted for about 25% of its total income, China Knowledge reported earlier.

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