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ZTE to build network for Telenor unit in Hungary

Chinese telecommunications equipment maker ZTE on Monday said it would build a mobile network for Telenor's unit in Hungary.

ZTE will build a network using second-, third- and fourth-generation (LTE) technology over the next five years.

ZTE did not disclose the value of the deal, but the Financial Times said it would be worth €200 million. (MTI-Econews)