ZTE Mzanzi partnership goes up in flames
ZTE is dropping SA’s ZTE Mzanzi as the company’s official partner in South Africa after the two companies failed to resolve a dispute.
ZTE Mzanzi partnership goes up in flames
ZTE is dropping SA’s ZTE Mzanzi as the company’s official partner in South Africa after the two companies failed to resolve a dispute.
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ZTE Corp drops ZTE Mzanzi in SA
Chinese telecommunications equipment manufacturer ZTE is dropping SA’s ZTE Mzanzi as the company's official partner in South Africa, after the two companies failed to resolve a dispute.*more
Last edited by QuintonB; 10-05-2012 at 03:09 PM.
???
Aren't the partners now turning against each other?And why should Telkom be compromised? I'm no lawyer.At the time, ZTE South Africa CEO, Cris Fuentes said that the court case had been brought against ZTE Mzansi because it had engaged in litigation against Telkom SA without consulting the group – an action which Feuntes said was “contrary to the agreement” entered into by the partnership.
I take it the shares are going to drop a little for TK due to this.
I predict bad news come next week :/.
What is psoriasis?l http://goo.gl/5a8KJ <- HP MS HTPC thread <- -> http://goo.gl/7ruHe HW Bargains <-
SO tell me if I'm getting this right:
ZTE is the chinese supplier and the local distributor is ZTE Mzanzi. Now ZTE bypassed the local distributor and dealt directly with Telkom. So Mzanzi is pissed because they lost a cut of the profits and tried to stop the deal. Now ZTE has dropped them completely so Mzanzi will probably close doors soon.
I see so ZTE as a whole got disqualified but Mzanzi decided to take action against Telkom.
NO
The way I read it -- the SA BEE guys saw a gap to squeeze some loot out of Telkom ( blackmail )
The mother company -- that actually has the technology AND the money were not properly informed of this special SA way of doing "business"
The REAL ZTE decided that they wanted NO part of this special SA business model and decided to call it quits
Funny enough for big international companies it does their image no good to be lying down with the K9P -- and catching fleas -- does their international image a world of harm !
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