SHENZHEN, China--(BUSINESS WIRE)--Dec 17, 2013--ZTE Corporation is pleased that the Delhi High Court set aside the injunction sought against the company's products by Vringo Inc. ZTE's business operations in India are unaffected by the litigation.
ZTE is confident of a positive outcome in the litigation in India as the company continues to defend Vringo's complaints vigorously. ZTE reserves the right to pursue legal action against Vringo in different jurisdictions to minimize disruptions to our business and our customers.
"ZTE fully respects the intellectual property of other companies, and is committed to completing licensing agreements with patent holders on the FRAND (fair, reasonable and non-discriminatory) principle," said Mr. Shen Jianfeng, Chief Intellectual Property Officer at ZTE. "We steadfastly oppose the anti-competitive use of patents by holders as a tactic for unreasonable demands."
ZTE is a publicly-listed global provider of telecommunications equipment and network solutions with the most comprehensive product range covering virtually every telecommunications sector, including wireless, access & bearer, VAS, terminals and professional services. The company delivers innovative, custom-made products and services to over 500 operators in more than 160 countries, helping them to meet the changing needs of their customers while growing revenue. ZTE commits 10 per cent of its annual revenue to research and development and has leadership roles in several international bodies devoted to developing telecommunications industry standards. ZTE is committed to corporate social responsibility and is a member of the UN Global Compact. The company is China's only listed telecom manufacturer that is publicly traded on both the Hong Kong and Shenzhen Stock Exchanges (H share stock code: 0763.HK / A share stock code: 000063.SZ). For more information, please visit www.zte.com.cn.
CONTACT: ZTE Corporation
Margrete Ma, +86 755 26775207
Mark Lee, +852 2837 4756
Andres Vejarano, +852 2837 4735
KEYWORD: ASIA PACIFIC CHINA INDIA
INDUSTRY KEYWORD: TECHNOLOGY NETWORKS TELECOMMUNICATIONS MOBILE/WIRELESS
SOURCE: ZTE Corporation
Copyright Business Wire 2013
PUB: 12/17/2013 09:43 PM/DISC: 12/17/2013 09:43 PM