ZTE’s R&D building in Shenzhen. The company has agreed to buy a controlling stake in Netas, a major manufacturer and supplier of telecommunications equipment in Turkey. Photo: ReutersZTE’s R&D building in Shenzhen. The company has agreed to buy a controlling stake in Netas, a major manufacturer and supplier of telecommunications equipment in Turkey. Photo: Reuters
ZTE’s R&D building in Shenzhen. The company has agreed to buy a controlling stake in Netas, a major manufacturer and supplier of telecommunications equipment in Turkey. Photo: Reuters

China’s ZTE takes over Netas for $101m, eyes expansion in Turkey

ZTE will become largest shareholder on completion of the deal

Topic |   ZTE
ZTE’s R&D building in Shenzhen. The company has agreed to buy a controlling stake in Netas, a major manufacturer and supplier of telecommunications equipment in Turkey. Photo: ReutersZTE’s R&D building in Shenzhen. The company has agreed to buy a controlling stake in Netas, a major manufacturer and supplier of telecommunications equipment in Turkey. Photo: Reuters
ZTE’s R&D building in Shenzhen. The company has agreed to buy a controlling stake in Netas, a major manufacturer and supplier of telecommunications equipment in Turkey. Photo: Reuters
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