ZTE aims to expand cloud overseas, challenges seen
September 16, 2013
Grazed from Reuters. Author: Lee Cheyan Lee.
ZTE, the No.2 telecom gear player in China ranking behind Huawei Technologies Co Ltd, provides cloud solutions to China’s telecom carriers, such as China Telecom, major Internet firms, oil and energy companies, a senior executive said. Zhu said he was targeting a 10 percent contribution from cloud and enterprise business to ZTE’s overall revenues in 2013, up from around 7-8 percent last year.
He declined to break down the revenue figure for cloud computing, which allows organisations to tap a network of servers on the Internet to store, manage and process data and applications. The Shenzhen-based company, which has been profitable in the first half of the year after posting its first-ever loss for the whole 2012, took in revenues of 37.6 billion yuan ($6 billion) in the January-June period, down 11.9 percent from last year…
As it plans to expand its global footprint to other markets spanning from Indonesia to Russia, analysts have warned of security challenges following revelations by former National Security Agency contractor Edward Snowden about U.S. government surveillance…
Read more from the source @ http://www.reuters.com/article/2013/09/16/zte-cloud-idUSL3N0HC1IE20130916