A day after announcing record annual revenues and a significant hike in net profits, ZTE Corp. says it has secured a $15 billion line of credit from China Development Bank.The Chinese vendor states that, according to a 5-year cooperation framework agreement, China Development Bank will provide ZTE a US$15 billion credit line, including ZTE's overseas project financing and ZTE's credit limits."
ZTE notes that the vendor community is under "enormous pressure to develop next-generation telecom technologies, such as 3G," but that "the majority of mainstream financing agencies based in Europe and the U.S. are trying to find ways to address issues such as inadequate liquidity and credit crunch."
ZTE believes its new credit line will help it expand internationally and fund its R&D programs, all of which will improve its potential to win business from, and work closely with, global carriers.
As for ZTE's R&D activities, the vendor's 2008 report, issued Thursday, provided some clues as to where some of the funds might be channeled :
# LTE Advanced
# Taking PON to the next level - a unified platform that supports EPON, GPON, and point-to-point fiber access.
# From IMS to ZIMS
# Next gen OSS
# Building on SDR success
# Optical transport advances
# Carrier-grade ICT platform
# RFID technology developments
| Ray Le Maistre |
March 20, 2009
No comments:
Post a Comment