ZTE wins USD200 million order from Ethiopia

30 Apr 2007

ZTE Corp has won a USD200 million contract to supply equipment to Ethiopian Telecommunications Corp (ETC). The three-year agreement will include CDMA-based wireless network equipment. China agreed to invest USD1.5 billion in Ethiopia’s telecommunications networks in February. The Chinese government also agreed to loan Ethiopia USD500 million and make provision for an additional USD1.5 billion in short-term trade credits.

Ethiopia, Ethio Telecom