Friday, October 12, 2012

ZTE, Huawei to Be Awarded Ethiopian Telecommunications Contracts

(Oct 12, 2012,(Bloomberg))--Ethiopia’s government will sign a two- year contract with Huawei Technologies Co. and ZTE Corp. (000063) within weeks, Communication and Information Technology Minister Debretsion Gebremichael said. ZTE, China’s second-largest maker of phone equipment, said in May it was bidding with Huawei for a $1.3 billion government telecommunications contract.

“Both companies will be engaged,” Debretsion said in an interview in the capital, Addis Ababa, yesterday, without giving the size of the contract. “Both will have a share in the market.” ZTE, about one-third owned by the Chinese government, has worked with Ethiopia’s state-owned monopoly provider Ethio Telecom over the past six years to improve phone and Internet services in Africa’s second-most populous nation.

The companies will finance the project that includes more than doubling the number of mobile-phone users to 40 million by mid-2015, Debretsion said. “We are not investing; we are inviting companies to come with their finance,” he said.   Read more from Bloomberg »

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