ZTE Corp, the world’s fourth largest telecommunications equipment supplier, reported its biggest annual loss in 2018, when the company was brought to the brink of collapse by a US export ban that blocked it from buying American-made hi-tech components. Photo: EPA-EFE

ZTE to boost 5G, cybersecurity initiatives after posting a record US$1 billion annual loss in 2018

  • The telecoms equipment giant expects to turn its fortunes around with a first-quarter net profit of up to US$179 million
Topic |   ZTE

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ZTE Corp, the world’s fourth largest telecommunications equipment supplier, reported its biggest annual loss in 2018, when the company was brought to the brink of collapse by a US export ban that blocked it from buying American-made hi-tech components. Photo: EPA-EFE
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