ZTE has received $ 20 billion in “overseas projects,”

Dec

4

2012

ZTE has received $ 20 billion in “overseas projects,”
ZTE

Recently, the Chinese ZTE entered the five largest manufacturers of smartphones. However, that’s ambitions do not end there. ZTE today announced the receipt of a bank loan in the amount of $ 20 billion for a period of five years. Acted as the borrower’s financial institution China Development Bank (CDB), a government-controlled China.

$ 20 billion! You only think about this figure. The same amount of money agreed to give the operator SoftBank Sprint in exchange for a 70-percent participation in its capital. This is more than the market value of Nokia and RIM combined.

It is difficult even to imagine what ZTE spend borrowed money. Under the agreement, “the money will be used to finance overseas projects.”

Investment in production and the introduction of new mobile technologies for us to be the most likely.

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Tags: China Development Bank | ZTE

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