ZTE Seeks Europe, Asia 4G Network Orders to Catch Alcatel
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ZTE Corp. said it’s seeking orders for faster wireless systems in Europe, Southeast Asia and South America as China’s second-largest maker of phone-network equipment tries to catch Alcatel-Lucent SA in market share.
The company is bidding for fourth-generation Long Term Evolution equipment contracts with “high-quality carriers,” said Liang Ming, a manager at ZTE’s 4G business. The Shenzhen, China-based company plans to increase its global market share among carriers using the LTE technology to 15 percent to 20 percent next year, he said, without giving this year’s estimate.