ZTE flogs $2bn shares in effort to be 5G ready

ZTE board members have approved the issuance of 686,836,019 A Shares in an effort to raise capital for 5G research and development.
While ZTE could sometimes be seen as a poor man’s Huawei, in truth it is just as threatening to the more traditional network infrastructure vendors. Over the last couple of years, Huawei might have been grabbing the headlines and second helpings of global market share, ZTE has also been eating into the profit margins at former world-beaters Ericsson and Nokia.