ZTE, Huawei hope to ring up sales in Europe

Chinese telecom equipment vendors have expressed optimism about the future development in the European market, with company officials saying they plan to invest more in the region.

Shenzhen-based ZTE Corp, the world's fifth-largest maker of telecom equipment by sales, is looking for double-digit growth in terms of revenue in Europe over the next five years, Xiong Hui, senior vice-president of ZTE, told China Daily.

After entering the European market in 2002, ZTE experienced a rough start, gaining few contracts in the first few years. But the company sped up its expansion in 2008 after securing mobile phone orders from such leading carriers as Vodafone Group.