ZTE Is Betting On China's Nascent 4G Network To Bolster Its Flagging Profitability

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http://techcrunch.com – ZTE is honing in on increased investment in 4G networks by China’s major telecom operators as it struggles to catch up with domestic rival Huawei Technologies, reports Reuters. ZTE and Huawei are expected to compete for most 4G network contracts with China’s three major carriers (China Mobile, China Unicom, and China Telecom) because the two telecom equipment makers have support from the Chinese government. Securing contracts is especially important for ZTE because its performance has been lagging behind Huawei. ZTE warned in January that it will post its first-ever annual loss fo (IT news)