Huawei wins $700 million deal with Ethiopia
The agreement is half of a $1.6 billion project split between Huawei and ZTE, China's second-largest telecoms equipment maker. Huawei, the world's second largest telecom equipment maker, has been involved in developing phone and internet services in Ethiopia for several years.
Ethiopia's Deputy Prime Minister and Minister of Communications and technology, who welcomed the deal, said that the original target had been to reach 40 million subscribers, but now including the w3G service, there would be 56 million subscribers by 2015.
The deal was signed by Andualem Admassie, acting chief executive officer of the state-run Ethio Telecom, and Jony Duon, CEO of Huawei Technologies. Ethio Telecom is the country's only mobile operator. ■