Private equity firms One Equity Partners and TRPE Capital have agreed to sell their 48 percent stake in Turkey-based ICT services provider Netas Telekomunikasyon to China-based telecommunications and IT equipment manufacturer ZTE International for US$101 million, plus performance earnouts. One Equity Partners originally invested in the company in 2010 through OEP Turkey Tech, a vehicle advised by TRPE Capital since 2012. The transaction is expected to close in January 2017.