ChinaTel
announced on August 13, 2010 that the company has signed an MOU (Memorandum of Understanding)
with ZTE for strengthening the two companies' strategic tie and enhancing their
cooperation on providing telecom solutions for individual customers,
enterprises, and governments around the world, according to a press release by
ChinaTel. As per the MOU, ZTE is expected to become ChinaTel's major and
preferred supplier of customized equipment, software, consumer products,
operational services and financing. When deploying high-speed wireless
broadband telecom networks in China, Peru, andother regions that the
company plans to enter in the future, ChinaTel isexpected to use the
above-mentioned products and services provided by ZTE under the terms signed. It
is reported that the two companies will share the ownership of any intellectual
property rights that may develop throughout the cooperation.
ChinaTel
is a US-China joint venture, and the company focuses on providing
engineering, deployment, and operation services related to wireless broadband
telecom networks. ZTE is a telecom equipment supplier headquartered in China.