ZTE, ChinaTel sign MoU for global strategic partnership

SAN DIEGO, USA & SHENZHEN, CHINA: ChinaTel Group Inc. (ChinaTel), a US-based provider of high speed wireless broadband and telecom infrastructure engineering and construction services, and ZTE Corp. announced the signing of a binding memorandum of understanding (MOU) for strategic partnership to advance both parties’ interests in delivering innovative telecommunications solutions to individual, enterprise and government consumers worldwide.

Under the terms of the MOU, ZTE will be the preferred and primary provider of customized equipment, software, consumer products, operational services and financing for high speed wireless broadband telecommunications networks ChinaTel is deploying in the PRC, Peru, and other markets ChinaTel enters in the future.

ChinaTel and ZTE will also work together to analyze consumer demand for new products and solutions, develop business plans to determine financial viability, execute design concepts, and roll out completed products and solutions, including manufacturing, marketing and sales, all with the goal to expand the reach of wireless broadband access.

ZTE shall treat ChinaTel as its preferred customer in the supply of equipment, consumer products, operational services, solutions and financing. ZTE shall offer ChinaTel a favorable vendor financing proposal for each project identified and use its best efforts to facilitate ChinaTel’s applications for debt financing by banks with which ZTE has relationships.

The parties will share equal ownership of intellectual property involved in equipment, software, consumer products, services or solutions developed through their joint efforts.

Lirong Shi, CEO of ZTE, said: “ZTE is pleased to add ChinaTel as its strategic partner for development of wireless broadband networks. The markets in which ChinaTel is currently deploying or investigating opportunities include Peru and other Latin American countries where ZTE also wishes to expand its influence, as well as the People’s Republic of China, where ZTE’s local presence offers competitive advantages.”

“In addition to a vendor and financing relationship, we are excited to work with ChinaTel to develop innovative new products and solutions to meet the expectations of commercial, government and residential subscribers to realize the full potential of wireless multi-media technologies.”