www.WirelessFederation.com/news: USD270 million vendor financing deal has been signed by Viva with Chinese telecoms equipment manufacturer Huawei. The deal is for five years.
STC launched the Kuwaiti mobile operation, Viva in 2008 and the company competes with Zain and Wataniya in Kuwait. The deal will help the firm for funding network expansion using the latest technologies.
www.WirelessFederation.com/news: With an aim to resolve all issues, including security concerns, regarding export of equipment to India, magnate of Chinese telecom companies will meet senior Indian government officials here in the next two days.
Earlier it was reported that Chinese companies are being disallowed from bidding for some contracts to supply telecom equipment to Indian companies and some of their shipments are stuck in the country for want of various clearances.
Top officials of Chinese firm like ZTE and Huawei are coming to India for the discussions. The Indian government has made it clear that there was no “blanket ban” on the import of Chinese telecom equipment into India.
The government was looking at all equipment and the purchases were being decided on case to case basis due to security reasons as they are worried that these equipment can provide Chinese intelligence agencies access to telecom networks in India.
BEIJING (XFN-ASIA) – The government has approved 14 applications by foreign companies wanting to merge with Chinese telecom companies, the Information Times quoted a senior government official as saying.
The 14 are among 29 companies which this month submitted applications to merge with Chinese telecoms after entry barriers to the local telecom market were relaxed, the newspaper quoted Wang Jianchao of the Ministry of Information Industry’s (MII) planning division, as saying.
Wang said foreigners can enter China’s telecom value-added market through mergers.
‘Foreign telecom companies can operate in the telecom business in China by merging with domestic companies, and established joint ventures can also apply for telecom services,’ Wang said.
Foreign investors cannot hold more than a 50 pct stake in the joint ventures, the report added.
Source- http://www.forbes.com
Technorati : China, Mobile, Telecom
Ice Rocket : China, Mobile, Telecom
