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China's Huawei to invest $100 mln in Turkish acquisitions in 2013

ISTANBUL, Oct 10 (Reuters) - China's Huawei Technologies Co Ltd , the world's No.2 telecommunications equipment maker, plans to invest $100 million in acquisitions in Turkey next year, its Turkey General Manager Wu Congcheng said on Wednesday.

Huawei is also planning to spend $20 million for research and development in the country, he said in a statement.

(Reporting by Evren Ballim, Writing by Seda Sezer)

((seda.sezer@thomsonreuters.com)(+90 212 350 7051)(Reuters Messaging: seda.sezer@thomsonreuters.com))

Keywords: TURKEY/HUAWEI