ZTE to Invest Additional USD 30 Mln in US Market
ZTE, 12/12/12
Chinese telecom equipment and terminal manufacturer ZTE (0763.HK; 000063.SZ) today announced that the company will enhance its presence in the US market through an additional investment of USD 30 mln the company's US business. This increase is the latest development in a number of actions that ZTE is taking to demonstrate its long-term commitment to the US market.
Differing from past investment in the procurement of technology products, ZTE will use the USD 30 mln investment to work with a number of local partners to tap into both core and innovative technologies in the telecommunications industry. The result will be improving and integrating existing technologies, strengthening lab capabilities and other fundamental infrastructures, and building up the company's local capabilities to work closely with operators to create better and more affordable choices for consumers around the world. The increased investment in the US market will also further facilitate the development of the local economy by creating more US jobs.
Keywords: USA overseas investment telecom 000063.SZ 0763.HK telecom equipment ZTE
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