ZTE to invest EUR 500 mln in Italy over next 5 years

Thursday 7 December 2017 | 10:13 CET | News

The Italian subsidiary of China’s ZTE is set to invest EUR 500 million in the country over the next 5 years, reports Il Sole 24 Ore, citing ZTE Italia CEO Hu Kun. In less than a year the Italian unit has grown from 30 to 600 employees thanks above all to the contract it was awarded to build and upgrade the mobile network of Wind Tre. The company has since revealed plans to build its European 5G hub in Italy as well as partnerships with Wind Tre and Open Fiber to build a 5G pre-commercial network in the 3.6-3.8 GHz band. Kun stressed at an event in Rome that ZTE intends invest heavily to ensure that "5G grows in the country and becomes crucial to bridging the digital divide."

The company also confirmed details of the ZTE 5G Innovation and Research Centre it intends to build in L'Aquila in partnership with the city’s university as well as a training centre for future telecommunications engineers together with Rome’s Tor Vergata university. Both centres will become part of ZTE University, the company’s network of 15 training centres throughout the world.

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