Monday, April 12, 2010

ZTE's Net Profit Up 48% on Domestic Demand

[wsj] Chinese telecommunications equipment maker ZTE Corp. said Thursday its 2009 net profit rose 48% because of robust demand for third-generation telecommunications equipment in China.

China issued licenses for third-generation mobile services in early 2009, which led to stronger demand for ZTE's products.

ZTE's Net Profit Up 48% on Domestic Demand

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