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'SAMENA Daily' - News

Huawei set to invest in New Zealand expansion

China's Huawei Technologies Co Ltd [HWT.UL] will spend NZ$400 million ($282 million) on research and development in New Zealand, the government said on Wednesday.

With domestic partners in New Zealand, the Chinese company will build a cloud data centre and innovation labs at universities in Christchurch and Wellington, New Zealand economic development minister Simon Bridges and science minister Paul Goldsmith said in a joint statement.

"The initiatives that Huawei is committing to will also help strengthen our research and development activity and capability building in the digital and technological world," Bridges said.



Source: http://telecom.economictimes.indiatimes.com/news/huawei-to-spend-300-mln-in-new-zealand-expansion/57765109

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