ChinaTel Group, Inc., founded in May 2008, is a holding company of telecommunications carriers throughout the world. The Company currently holds investments in four carrier units; Sino Crossings, Golden Bridge Network Communications, (GBNC), Perusat, and Chinacomm Communications.
The Company’s business model is to combine its engineering and deployment expertise, its equity funding relationship, its vendor partnership, and spectrum, fiber and concession rights assets acquired through subsidiary or joint venture relationships, to create and operate complete networks worldwide. ChinaTel’s present operational focus is on the deployment of telecommunications networks that utilize Wireless Broadband Access (WBA) in emerging international markets using either 2.5 GHz or 3.5 GHz radio frequency spectrum. In addition to its current markets in People’s Republic of China (PRC) and Peru, ChinaTel is investigating opportunities to enter other markets including Russia, India, Singapore, the Philippines, Albania, countries in the Caribbean Islands and Southern Pacific Islands, and countries in the Middle East and North Africa.
March 15 - ChinaTel Signs Contracts for ZTE to Supply Equipment and Services for Its Wireless Broadband Network in Fujian Province
ChinaTel advances its deployment in the Haixi Special Economic Zone within the People’s Republic of China
ZTE Corporation (“ZTE”) (H share stock code: 0763.HK / A share stock code: 000063.SZ), a leading global provider of telecommunications equipment and network solutions, and China Tel Group, Inc. (“ChinaTel”) (OTCQB:CHTL), a US-based operator of wireless broadband and telecommunications networks, today jointly announced they have signed a contract for ZTE to supply ChinaTel with infrastructure equipment for the nine city wireless broadband network ChinaTel is deploying in the Fujian province. The value of equipment for the first two cities is $9.57 million. The parties have agreed on component pricing for future equipment in the other seven cities, which will be ordered upon completion of engineering work to determine final equipment needs. The parties will also enter into a separate contract for ZTE to provide professional services including network planning and optimization and equipment installation for all nine cities.
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