ZTE set to buy 48% of Turkey’s Netas
China’s ZTE has agreed to buy 48.04 percent of Turkish systems integration provider Netas for 358 million Turkish lira (US$101.3 million), Netas said on its website yesterday. This transaction remains subject to the Turkish Competition Authority’s approval. ZTE, the Chinese telecom equipment giant, will become the largest shareholder of Netas after the transaction is completed. “The […]
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