ZTE Finances Czech MobilKom a.s. European Network Operations

(Business News & Technology News, 6 Mar 2008)

ZTE Corp. (ZTE) recently finalized a Buyer's Credit Facility arrangement for MobilKom a.s., a trunking solutions provider in Czech Republic. Considered as another milestone for ZTE's continuous expansion in the European market, this is the first time that a telecom financing facility from China has been made in Czech Republic as well as the first time a CDMA2000 1xEV-DO Rev.A network has been commercially deployed in Europe.

MobilKom a.s., the fourth largest mobile operator in Czech Republic, collaborates with Penta Investments Group in offering services through its U:fon network.

China Development Bank is financing Euro19 million to MobilKom a.s. for the buyer's credit facility arrangement. The agreement was signed late last year between MobilKom a.s. and China Development Bank, and is now officially made public.

"We are very delighted to see the first CDMA2000 1xEV-DO Rev.A network being commercially deployed in Europe," says Zhang Fan, Managing Director of ZTE Global Finance Center. "With an established reputation in the financing market, ZTE has developed long-term strategic partnerships with several international and Chinese financial institutions, further strengthening business bonding and enhancing partnerships with our customers."

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