ZTE Corp, China's largest listed telecoms manufacturer, said it will boost its mobile network equipment business in developed markets by leveraging on its low cost advantages over foreign rivals, the South China Morning Post reported Tuesday, citing Feng Jiangxiong, secretary of the ZTE board, as saying. 

Feng said at an interview last week that the current financial crisis would present ZTE with a breakthrough to expand into the U.S. and European markets, as mobile operators in those markets are looking for partnerships with equipment vendors with low cost bases.

Feng said ZTE's advantages in terms of costs and technology would enable the company to secure stable revenue growth next year despite the impact of the global financial turmoil and economic downturn.

ZTE generated more than 60% of its revenue in overseas markets in the third quarter of this year, according to its quarterly financial reported released last month.

 Source:China Knowledge