Vendor

ZTE Transferred Shares of Caltta Technologies at a Price of 1.035 Billion

Updated:2021/1/12 18:11

Last night, ZTE announced on the exchange that it would transfer its holdings of Beijing ZTE Caltta Technologies Co., Ltd. (hereinafter referred to as "Caltta Technologies") to Beijing E-Town Semiconductor Industry Investment Center (Limited Partnership) at a price of 1.035 billion yuan. "), which is 90% of the equity. After the completion of this transaction, ZTE will no longer hold equity in Caltta Technologies.

Why did ZTE decide to transfer its equity in Caltta Technologies? The reason is that, on the one hand, there is a big difference between private networks and public networks, and private networks mainly provide professional users with wireless communication guarantee, which is less related to ZTE’s major businesses.

On the other hand, this equity transfer has little impact on the overall scale of ZTE, and ZTE can also obtain considerable investment income from the transaction for the investment and development of its core business.

Briefly, it is a win-win transaction, which not only meets the business development needs of ZTE, but will also promote Caltta Technologies to a higher level in the private network market.

 Source:C114
Tags:ZTE|Caltta
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