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




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

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.

Robots recommend:

8-core smartphone from ZTE
In the Twitter photo got a new smartphone ZTE
Published new photos ZTE Nubia Z5

Tags: China Development Bank | ZTE



Tags: ,

In: A Technology & Gadgets Asked By: [19102 Red Star Level]

Answer this Question

You must be Logged In to post an Answer.

Not a member yet? Sign Up Now »

Star Points Scale

Earn points for Asking and Answering Questions!

Grey Sta Levelr [1 - 25 Grey Star Level]
Green Star Level [26 - 50 Green Star Level]
Blue Star Level [51 - 500 Blue Star Level]
Orange Star Level [501 - 5000 Orange Star Level]
Red Star Level [5001 - 25000 Red Star Level]
Black Star Level [25001+ Black Star Level]