Global telecoms giant ZTE sees gold in Chinese roots

ZTE company logos are seen at an international software and information services exhibition in NanjingBy Lee Chyen Yee HONG KONG (Reuters) – China's ZTE Corp, which helped bring the telephone to millions of homes during the Deng Xiaoping era, is counting on a new generation of tech-savvy smartphone users to drive at least $ 7.5 billion of 4G network projects and elevate its sagging fortunes. Shenzhen-listed ZTE, founded in the mid-1980s, clinched its first major overseas contract in Bangladesh in the mid-1990s. Since then, it has been aggressively expanding overseas and challenging telecoms equipment manufacturers such as Ericsson and Alcatel-Lucent in emerging markets from Asia to Africa. …

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