Tech & Communications | November 24, 2010 [ 15:14 ]
China’s ZTE wins Peruvian network supply contract
|Chinese company ZTE will invest US$ 48 million over the next seven years in Peru. (Photo: ZTE)|
China’s telecom equipment corporation, ZTE, won a contract from ChinaTel Group subsidiary, Perusat, for a deployment of a wireless broadband telecommunications network in Peru, reported Andina.
The total value of the contract is expected to be US$48 million over the next seven years. The purchase orders for the first phase have a value of US$ 6.98 million.
ZTE is financing 85 percent of the cost of infrastructure equipment covered in the phase one purchase orders.
National banks in China, with whom ZTE has commercial relationship, are expected to finance future equipment orders, also at 85 percent.
"We are excited about our partnership with ZTE and its ability to fully deliver broadband equipment and end-to-end network solutions," said ChinaTel’s CEO George Alvarez.
"ZTE has the foresight to create equipment solutions that will migrate from the current WiMAX 802.16e protocol to 802.16m, to TD-LTE, or dual band 16m and LTE," he added.
The first phase of deployment, with an initial geographic coverage in seven cities, is scheduled to be completed by approximately May 2011. Perusat will expand capacity in each market as subscriber’s demands increases.
Founded in 1985, ZTE is China’s largest listed telecom equipment company. It operates in more than 140 countries, servicing 59 of the world’s top 100 telecom operators.
The Chinese corporation offers a wide choice of products ranging from voice, data, multimedia and wireless broadband services.