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China Development Bank Finances Huawei, ZTE Deals in India

Sina Tech, 12/17/10

Indian telecom operator Reliance Communications (RCom) recently announced that it has received USD 1.93 bln in financing from China Development Bank for 3G network construction, up to USD 600 mln of which will be used to procure telecom equipment from Chinese firms Huawei and ZTE (0763.HK; 000063.SZ). Read More