Friday, 23 June 2017

ZTE gets $20bn boost from China Development Bank

By Nick Wood, Total Telecom
Wednesday 05 December 12

Expanded credit facility to support vendor's overseas investments; analyst warns it could have opposite effect.

ZTE has signed a new partnership with the China Development Bank that gives the vendor access to $20 billion worth of funds. "We sincerely thank the CDB for their commitment to ZTE's development," said ZTE chairman Hou Weigui. He said the expanded credit facility will enable fifth…

ZTE has signed a new partnership with the China Development Bank that gives the vendor access to $20 billion worth of funds. "We sincerely thank the CDB for their commitment to ZTE's development," said ZTE chairman Hou Weigui. He said the expanded credit facility will enable fifth…

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