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ZTE investing billions in 5G product base

Published 03/20/2018, 02:17 PM
© Reuters.  ZTE investing billions in 5G product base
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  • Leading equipment maker ZTE (ZTCOF +0.8%) has invested 20B yuan -- about $3.16B -- to build a 5G product base in eastern China, Xinhua reports.
  • The company will focus on 5G products and wireless devices for the "future of the mobile communication industry," says executive VP Pang Shengqing.
  • "The project is expected to generate production value of 40B yuan after being put into operation in 2022," Pang says, noting the company has more than 20 partners worldwide working on 5G.
  • Now read: The Panic Of Losing Money While The Market Sets New Records


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