$100m for the new telecom

Chinese company Zhongxing Telecommunication Equipment (ZTE) has won the auction to supply $100 million equipment to the Romanian telecom operator POSTelecom, sources from the Romanian company’s shareholding said. “ZTE came up with the best technical and financial offer, followed by Alcatel Bell Shangai and Huawei Technologies. The contract is worth some $100 million,” the quoted sources said. The contract concerning the equipment delivery will be signed at the end of July. The transaction will be funded by a loan granted by the Import – Export Bank of China. The agreement is to be signed next month. ZF