Monday, August 19, 2013

Ethiopia, ZTE sign mobile deal

(Aug 19, 2013, (Addis Ababa))--Ethiopia signed an $800m agreement with Chinese telecom giant ZTE on Sunday to expand its telecommunications network, national operator Ethio Telecom said.

"The expansion project is vital to attain Ethio Telecom's objective of increasing telecoms service access and coverage across the nation as well as to upgrade the existing network," chief executive Andualem Admassie told reporters at a signing ceremony.

The agreement is part of a telecommunications expansion project worth $1.6bn, which is shared with China's Huawei Technologies. Huawei and ZTE have split the cost of the scheme. The expansion project aims to increase mobile phone and 3G internet access throughout the country and introduce 4G broadband internet in the capital Addis Ababa.  Read more from news24 »

No comments:

Post a Comment