Perusat, ZTE Enter Broadband Partnership

Perusat, the Peruvian subsidiary of telecom ChinaTel, has entered into a partnership with Hong Kong-listed peer ZTE. ZTE will provide Perusat infrastructure equipment, consumer terminals, and engineering and management services for the wireless broadband network Perusat is deploying in Peru. The value of the contract is expected to be around $48m over the next 7 years. ZTE is financing 85% of the cost of infrastructure equipment covered in the first phase of the partnership, expected to require around $7m. National banks in China with whom ZTE has relationships are expected to finance 85% of future phases. The first phase of deployment, in which Perunet expects to expand coverage to 7 cities, should be complete by May, it says.