Huawei adds another contract to its Nigerian portfolio

18 Apr 2005

China’s Huawei Technologies has extended its cooperation agreement with the Nigerian government by signing a USD200 million contract to deploy a nationwide CDMA450 wireless network covering remote areas of the country currently underserved by the nation’s operators. The China Development Bank has provided a loan to fund the project, which will also provide communications linking the country’s 320 local government offices. The agreement comes just one week after Nigeria’s second largest mobile operator Vee Networks (which trades under the V-Mobile brand) contracted Huawei for the expansion of its GSM network in a deal worth USD80 million. Huawei also recently inked a cooperation agreement with the communications ministry to assist with the rollout of next-generation services. The Chinese company is the largest telecoms equipment manufacturer in Nigeria, with annual sales of around USD340 million in the country; it expects that figure to rise to around USD600 million this year.