26 October 2009 ZTE is to invest $1 billion in telecoms support services in Nigeria, according to Nigerian sources, quoting ZTE executives, who were in the country for discussions with local operators.
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The 234next.com website quotes ZTE executive Wayne Guo as saying the $1 billion is part of $15 billion that ZTE has available for investment in overseas projects via a framework agreement with the China Development Bank.
The vendor held a workshop with Nigerian operators in Lagos. Zhang Zhengyong, ZTE wireless solution manager from its R&D centre, said told the operators: We want to introduce new technology into Africa. Nigeria, especially, is a place of market interest.
The workshop was about how new technology could be used to reduce stress of the cost of equipment, licences and other factors, Zhang said. GTB
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