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Russian Sistema to form joint venture with ZTE

Source: Internet
Author: User
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Fradmir Yevtushenkov, chairman of Sistema, Russia's largest diversified consumer services company, said today that it would set up a joint venture with ZTE to produce High-tech products in China, the news of the June 16 night of the Sina technology hearing. Yevtushenkov said two companies will invest 50% in joint ventures and build factories in China to produce parts for the Russian "Glonass" (GLONASS) navigation system.　　In addition, the joint venture will produce other components. Some media quoted Yevtushenkov as saying that Sistema and ZTE would invest more than $1 billion in joint ventures to build factories and research and development centers. (Li Ming) Weibo recommended | Sina Science and technology official Weibo

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