Subscribe to this page now.

ZTE secures $20 billion loan from Chinese government

12/04, 3:14pm

ZTE, China Development Bank agree to $20B loan

ZTE, the world's fifth-largest telecom equipment maker, announced today that it had entered into a $20 billion financing agreement with China Development Bank. The funds are meant to cover "financing facilities for the company's overseas projects and credit facilities for the company," according to a statement ZTE released today. The agreement will shore up the finances of the Chinese tech firm, which has seen significant losses this year, but it will likely raise concerns among ZTE's international competitors and regulators in the west, who are suspicious of the firm's ties to the Chinese government.

more

Advertisement

Electronista Newsletter

Free Technology and Gadgets Newsletter

  • We will not share your email address with anyone.

    toggle

    Most Popular

    Advertisement

    Recent Reviews

    Origin PC Millennium

    When it comes to PC gaming, there are two basic routes you can take. You can choose to purchase a built-to-order machine from one of t ...

    Jorno Bluetooth keyboard and stand

    The Jorno Bluetooth keyboard and stand for tablets certainly looks nice. The gunmetal grey shell of the keyboard looks great while the ...

    Apple 12-inch Retina MacBook

    It is an exciting time for consumer technology, with gadgets and devices that once used to the stuff of dreams now coming to fruition. ...

    Advertisement

    toggle

    Most Commented

     
    toggle

    Popular News