Communications

New network and buyer’s facilty for MobilKom

6 March 2008

ZTE Corporation (ZTE), a leading global provider of telecommunications equipment and network solutions, has announced that it has finalised a buyer’s credit facility arrangement for MobilKom, a leading trunking solutions provider in Czech Republic. This marks the first time that a telecom financing facility from China has been implemented in the Czech Republic, as well as the first time a CDMA2000 1xEV-DO Rev.A network has been commercially deployed in Europe.

China Development Bank, one of China's leading banks in financing infrastructure construction, has agreed to finance €19 million towards MobilKom’s buyer’s credit facility arrangement.

“We are delighted to see the first CDMA2000 1xEV-DO Rev.A network being commercially deployed in Europe,” said Zhang Fan, managing director of the ZTE global finance centre. “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.”