Chinese vendor ZTE grew profits 14% to $203.1 million (€146 million) in the nine months to end-September, on the back of strong demand for TD-LTE, FTTx and mobile handsets. Sales grew 7.5% to $6.87 billion during the period, and earnings per share hit $0.07.
A deal with global banking group HSBC has tipped Cisco’s IP phone shipments over the 30 million mark. The bank has deployed 100,000 Cisco IP phones to-date.
Nokia Siemens Networks has won an A$400 million (€282 million) deal to supply optical transmission networks to Australia’s National Broadband Network company. The contract covers a ten year period, and covers the vendor's DWDM equipment.