ZTE has finalized a Buyer’s Credit Facility arrangement for MobilKom a.s., a leading trunking solutions provider in Czech Republic. This is the first time that a telecom financing facility from China has been made in Czech Republic as well as the first time a CDMA2000 1xEV-DO Rev.A network has been commercially deployed in Europe. MobilKom a.s., the fourth largest mobile operator in Czech Republic, collaborates with Penta Investments Group in offering services through its U:fon network. China Development Bank, one of China's leading banks in financing infrastructure construction is financing €19 million to MobilKom a.s. for the buyer’s credit facility arrangement. The agreement was signed late last year between MobilKom a.s. and China Development Bank, and is now officially made public.
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