ZTE Getting Serious About Global Expansion: Investment in Netas Positions ZTE to Pursue ‘One Belt, One Road’ Opportunities
December 22, 2016 Leave a comment
- ZTE invested in Turkish systems integrator Netas, an aggressive move to improve its services reach and vie for a key partner role in China’s ‘One Belt, One Road’ initiative.
- In addition to geographic expansion, the investment enables ZTE to gain greater access to Netas’ non-telco business.
In December 2016, ZTE announced an agreement to acquire a minority share of Turkish systems integrator Netas. While Netas will remain an independent company, it will gain increased access to ZTE’s portfolio of products, services and solutions. For ZTE, the investment represents a significant foray abroad for the Chinese vendor. Located in a regional linchpin between Europe and Asia, Netas could provide a bridge between east, west and south as ZTE looks to expand its services organization. Read more of this post