ZTE May Restructure Its Smartphone Business in a $5.6 Billion Deal

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ZTE's consumer smartphone operations may be reorganized through a joint venture worth around 40 billion yuan, or $5.6 billion, according to Gizmochina. A potential partner could contribute around 8 billion yuan, but the proposal is still under discussion and is not a finalized sale. The story was first reported by Gizmochina — VGTimes

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