
ZTE is closing down its R&D operations in India.
The Chinese telecom equipment and ICT solutions provider is also scaling down its services business in the country to optimize costs amid reduced gear sales, Economic Times reported.
In fact, ZTE is in the process of closing down its non-viable businesses and offices in select countries.
ZTE earlier said it would review its strategies to improve performance in different telecom markets. The restructuring exercise is line with ZTE’s likely net loss of $279.2 million in the first 9 months of 2012.
The Chinese telecom equipment maker, which is under the scrutiny of the US Intelligence Committee on security issues, will review its strategy on products and operations in different regions.
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