BeQuiet Jubiläum Banner 970x90
Breaking News

AORUS Gen5 10000 SSD Hit the Market with 10GB/s and Up! Nikon releases the NIKKOR Z 26mm f/2.8 and NIKKOR Z 85mm f/1.2 S Nikon releases a new black version of the Z fc APS-C size mirrorless camera Launch schedule of SIGMA 50mm F1.4 DG DN | Art Razer unveils the Viper Mini Signature Edition – a magnesium alloy gaming masterpiece

logo

  • Share Us
    • Facebook
    • Twitter
  • Home
  • Home
  • News
  • Reviews
  • Essays
  • Forum
  • Legacy
  • About
    • Submit News

    • Contact Us
    • Privacy

    • Promotion
    • Advertise

    • RSS Feed
    • Site Map

Search form

China's ZTE Announced  $1.7 billion A-share Sale to fund 5G R&D

China's ZTE Announced $1.7 billion A-share Sale to fund 5G R&D

Enterprise & IT Jan 16,2020 0

ZTE said it was looking to raise 11.51 billion yuan ($1.7 billion) from a private placement of A shares, and that it plans to use the proceeds for research and development (R&D) of 5G networks as well as working capital.

ZTE plans to issue a total of 381,098,968 shares of A shares at an issue price of RMB 30.21 per A share, with a total raised capital of RMB 11.513 billion, and a net proceeds of RMB 11.459 billion after deducting the issuing costs. The funds will be used for 5G network evolution-oriented technology research and product development projects and supplementary liquidity.

The A shares, which are subject to a lock-up period of 12 months from the date of listing, will be issued to 10 independent professional or institutional investors in China.

ZTE is already providing complete 5G end-to-end solutions and rich network construction experience, and has launched cooperations with global operators and industry customers in the 5G field. The company says it has won 35 5G commercial contracts worldwide, and has launched in-depth 5G cooperation with more than 60 operators worldwide.

Tags: zte5G
Previous Post
Meet the Pioneer DJM-V10 6-channel Professional DJ Mixer
Next Post
Google is Phasing Out Support for Chrome Apps

Related Posts

  • Samsung Electronics Reaches Top Speeds Over 10km Distance for 5G mmWave in Australia

  • Qualcomm and ZTE Achieve a World’s Fastest 5G Standalone mmWave

  • Ericsson, Qualcomm and Thales to Take 5G Into Space

  • Ericsson, Nokia, II-VI, Lumentum and Sumitomo Electric, have jointly produced a technical paper on Mobile Optical Pluggables

  • Intel, Google Cloud Aim to Advance 5G Networks, Edge Innovations

  • ZTE and China Unicom to Work Together on 6G

  • Comcast Introduces 5G Data Options For Xfinity Mobile

  • MediaTek's New Dimensity 820 Chip Brings 5G to Mid-range Smartphones

BeQuiet Jubiläum Banner 300x600

 

Latest News

AORUS Gen5 10000 SSD Hit the Market with 10GB/s and Up!
PC components

AORUS Gen5 10000 SSD Hit the Market with 10GB/s and Up!

Nikon releases the NIKKOR Z 26mm f/2.8 and NIKKOR Z 85mm f/1.2 S
Cameras

Nikon releases the NIKKOR Z 26mm f/2.8 and NIKKOR Z 85mm f/1.2 S

Nikon releases a new black version of the Z fc APS-C size mirrorless camera
Cameras

Nikon releases a new black version of the Z fc APS-C size mirrorless camera

Launch schedule of SIGMA 50mm F1.4 DG DN | Art
Cameras

Launch schedule of SIGMA 50mm F1.4 DG DN | Art

Razer unveils the Viper Mini Signature Edition – a magnesium alloy gaming masterpiece
PC components

Razer unveils the Viper Mini Signature Edition – a magnesium alloy gaming masterpiece

Popular Reviews

Withings Thermo Wi-Fi-connected temporal thermometer

Withings Thermo Wi-Fi-connected temporal thermometer

EnGenius ECW230 Access Point

EnGenius ECW230 Access Point

Withings Body Plus Scale

Withings Body Plus Scale

Withings Sleep Analyzer

Withings Sleep Analyzer

EnGenius ECW230S AP

EnGenius ECW230S AP

Noctua NH-D12L CPU Cooler

Noctua NH-D12L CPU Cooler

Scythe Fuma 2 CPU Cooler

Scythe Fuma 2 CPU Cooler

be quiet! Pure Rock 2 FX

be quiet! Pure Rock 2 FX

Main menu

  • Home
  • News
  • Reviews
  • Essays
  • Forum
  • Legacy
  • About
    • Submit News

    • Contact Us
    • Privacy

    • Promotion
    • Advertise

    • RSS Feed
    • Site Map
  • About
  • Privacy
  • Contact Us
  • Promotional Opportunities @ CdrInfo.com
  • Advertise on out site
  • Submit your News to our site
  • RSS Feed