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
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
ZTE
Tech /  Big Tech

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

ZTE will become largest shareholder on completion of the deal

Bien Perez
Bien Perez

Updated: 10:59pm, 6 Dec, 2016

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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
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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