ZTE to acquire 48.04% stake in Turkish telecom company Netas

ZTE, through its wholly-owned subsidiary ZTE Cooperatief U.A., signed an equity purchase agreement on December 6, 2016, to acquire a 48.04% stake in Netas from OEP Turkey Tech B.V. for up to $101,280,539. ZTE will become the largest shareholder.

“Netas' business area and direction are highly in line with ZTE's M-ICT strategy.”chinatechnews.com

• 1 source
• chinatechnews.comChina's ZTE To Acquire 48.04% Stake In Turkish Telecom Device Company - ChinaTechNews.comEditorial StaffDec 8, 2016

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