ZTE denies reports of a $5.6 billion smartphone joint venture
ZTE denied reports of a $5.6 billion smartphone joint venture.
ZTE has denied reports of a proposed $5.6 billion joint venture for its ZTE smartphone business. The company said the claims are inaccurate.
The reports concerned a joint venture for ZTE's consumer smartphone business. ZTE has reserved the right to take legal action.
Why the ZTE smartphone business reports were denied
The denial covers a proposed $5.6 billion joint venture for the consumer smartphone business. ZTE described the claims as inaccurate and reserved the right to take legal action over them.
Our verdict
ZTE has rejected reports of a $5.6 billion joint venture for its consumer smartphone business, called the claims inaccurate, and reserved the right to take legal action.
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Frequently asked questions
What did ZTE deny?
Reports of a proposed $5.6 billion joint venture for its consumer smartphone business.
What did ZTE say about the claims?
It said the claims are inaccurate and reserved the right to take legal action.
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