ZTE forecasts to Double Profits for 2014

The Chinese Telecom vendor ZTE announced the preliminary financial results for 2014 recently which showcased a 94% of growth rate but the annual financial results might show a 8% hike compared to 2013.

It is expected that the net profit for 2014 will be around $424 million (CNY 2.64 billion) which is $207 million more comparing with the 2013.ZTE experienced this growth because of it's optimizations in the business operations and decrease in the expenses of internet costs through effective management.

ZTE also claimed that it achieved the growth in it's 4G (LTE) and FD (LTE) in china,3G and 4G smartphone operations globally. Further details on this will be announced when ZTE publishes it's annual financial results on March 25, 2015.

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Besides this, ZTE also announced that it provided MSE (Multi-Service Edge) routers over last 3 years which helps in up-gradation of MAN ( Metropolitan Area Network) in China."Thanks to its technological innovations and customer-centric philosophy, ZTE is gaining an increasing allocation of orders for high-end routers from China Telecom, ZTE's high-end routers are deployed in more than 150 China Telecom MANs in 26 provinces, in addition to the core service sites at the headquarters of China Telecom," said by ZTE in a statement.

The Telecom vendor also said that it's MSE routers are installed in all the major Chinese Telecom networks and operators in Asia-pacific,South-East Asia, Europe, Middle and East Africa.