ZTE announced that the company plans to release 4G mobile phones in the second quarter of 2012, Reuters reported on September 22, 2011. It is reported that ZTE's move is aimed to increase market share through expanding its product range. ZTE said that it is currently in talks with several telecom operators, and it plans to launch the 4G mobile phones in the mature markets first. ZTE projects that its mobile phone shipments will experience year-on-year growth of 30% to 40% over the next three years, according to the same source.