ZTE Seeks USD 15 Bln Funding
Communications Weekly, 2/19/09
Yin Yimin, president of Chinese telecom equipment manufacturer ZTE (0763.HK; 000063.SZ), has stated that ZTE is in talks with Chinese financial institutions, seeking USD 15 bln in financing to expand into overseas telecommunications markets. The company views overseas expansion as an important measure to counteract the effects of the current financial crisis.
Keywords: Yin Yimin 000063.SZ 0763.HK financing telecom equipment ZTE telecom wireless
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