Russian telco Vimpelcom has arranged a USD1 billion credit line with China Development Bank and Bank of China, according to an official statement on its website. The eight-year facility will complement a loan of USD500 million from China Development Bank, signed in December 2012.
Yota Devices, formerly the phone manufacturing arm of Russian WiMAX-turned-LTE provider Yota, is reportedly in talks with investors to attract USD100 million in funding. According to TASS, which cites a source close to the company, the funding will be needed to help promote the launch of the group’s new YotaPhone 2 in December 2014. Talks are said to be underway with investors both in Europe and in North America. Yota Devices has been developing mobile devices for six years, originally for WiMAX networks, but more recently LTE. Once part of Yota, 18 months ago it was hived off into an independent business.
China’s Huawei has signed a memorandum of understanding (MoU) with MegaFon with a view to deploying a trial 5G network at the 2018 FIFA World Cup, due to be hosted by Russia. The MoU will focus on the development of 5G technologies and the pair note the agreement builds on a partnership between the two that reaches back to the rollout of the carrier’s GSM network in 2002. Details are sketchy, but MagaFon and Huawei intend to establish a test area with pilot projects up and running by 30 June 2017.
US-based Infinera has been selected to supply equipment to strengthen Rostelecom’s network through an initial contract worth RUB212.4 million (USD4.53 million), ComNews reports. The tender was announced in October this year and will see Infinera provide equipment to modernise the telco’s regional transport network in the Moscow region. Last year, as part of an IP/MPLS expansion of the firm’s transport data network, Infinera supplied Rostelecom with a DTN-X based platform capable of providing 500Gbps bandwidth support.