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ZTE to invest CNY 4 bln in Changsha R&D, production site

2015-12-28 17:08:00| Telecompaper Headlines

(Telecompaper) The board of ZTE has approved plans to invest CNY 4 billion in a new R&D and production facility in the Changsha Hi-Tech Zone in Hunan province. The 260,000 m2 facility will develop and produce set-top boxes and other 'smart' equipment, internet and storage products and software for wireline communications, cloud terminals and related business, ZTE said. As the planned investment is worth more than 10 percent of the company's current assets, it remains subject to approval by a general meeting of shareholders. ZTE said construction of the new site is expected to take five years. 

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