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ZTE Sees Chinese 4G Contracts Helping the Company Reverse Financial Losses

China’s ZTE is betting on deployments of LTE based network infrastructure by Chinese mobile networks to help the company turn around back into profit following a large financial loss last year.

Over the next three years, around half the company’s revenue is expected to come from LTE sales, Isaac Liang, a deputy general manager who oversees ZTE’s operations related to TD-LTE told the Wall Street Journal.

He added that the Chinese contracts would “give us a major opportunity to grow and also become profitable,”

China Mobile has just issued a tender for over 200,000 TD-LTE base stations and has said that it plans to spend around US$6.7 billion this year on its 4G rollout. The other two major mobile networks are also ramping up their 4G investments.

Between them, Huawei and ZTE are widely expected to pick up around half the contracts value, with the rest split amongst the foreign suppliers.

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