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Business News of Tuesday, 2 May 2006

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Chinese developing broadband network in Ghana

Chinese telecommunications equipment and network solutions provider ZTE on Tuesday announced that it had reached an agreement with Ghana?s largest Internet service provider InternetGhana for the supply of equipment to develop a high-speed broadband network.

Under the terms of the contract, ZTE would provide broadband equipment including DSLAM terminals, Power Supply and DSL modems.

The agreement followed a memorandum of understanding agreed between the two parties in December.

InternetGhana, as the dominant player in Ghana's ISP market, expected to significantly advance its product offerings and service quality levels in addition to ambitious plans to expand further into West Africa.

?We are pioneering high speed broadband in Ghana to meet growing customer demand for state-of-the-art communications. We hope to extend our reach beyond Ghana into West Africa as we continue to work with ZTE to further enhance and expand our network,? said InternetGhana CEO Leslie Tamakloe at the contract signing ceremony.

ZTE increased international sales by nearly 70% in 2005 due in large part to investment in research and development, which had been maintained at a level of 10% of yearly turnover.

With continuing success in the African and Asian markets, ZTE said it expected to replicate these achievements into more developed telecoms markets, such as Europe and North America, in the future.