ZTE has won a CDMA network contract from Canadian startup Public Mobile with the help of a $350 million loan from China’s state-owned Exim Bank.
ZTE, Exim and Public Mobile signed an agreement for the deal in Toronto Thursday.
“We chose to work with ZTE because of their expertise in technology and commitment to financing,” said Alek Krstajic, CEO of Public Mobile.
This vendor financing arrangement provides support for a network rollout using equipment and services from ZTE Corporation and ZTE Canada, the companies said in a statement.
ZTE did not disclose the full value of the deal but said it would supply 1,000 base stations.
It said this was its first end-to-end Canadian contract.
The state-owned vendor, listed in Hong Kong, has a $25 billion credit line from Exim and the China Development Bank to help it win contracts abroad.
Public Mobile, which has licenses to provide service in Ontario and Quebec, launched in Toronto on May 26.
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