ZTE, an international provider of telecommunications, enterprise and consumer technology solutions for the Mobile Internet, completed the acquisition of a 48% stake in Netas, which manufactures telecommunications equipment, and manages telecommunications infrastructure, from One Equity Partners, a middle-market private equity firm. Financial terms were not disclosed. “This transaction is one of the biggest technology development investments in Turkey. The investment by ZTE, a global leader in ICT, is a vote of confidence in Turkey’s technology capabilities and the strong performance of Netas, with our nine-fold growth since 2009. We are delighted to be at the center of this national success story. With 50 years of experience in exporting technology to other markets, we are excited to be able to further grow Netaş with the power of our new shareholder ZTE,” Mujdat Altay, Netas Chief Executive Officer.