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20 September, 2007
HONG KONG -(Dow Jones)- Chinese telecommunications equipment and network supplier ZTE Corp. (0763.HK) said late Wednesday it signed an agreement to provide US$478 million worth of mobile network equipment and related engineering services to Ethiopian Telecommunication Corp.
The network equipment will run on the Global System for Mobile communications, or GSM, standard, ZTE said in a statement to the Hong Kong stock exchange.
The contract, signed Sunday, is expected to be completed in two years.
-By Jonathan Li and Amy Or, Dow Jones Newswires; 852-2832 2335; amy.or@ dowjones.com