ZTE finances installment of technology lab at the University of Chile

On 31 March 2011, the University of Chile (Universidad de Chile) inaugurated the first LTE innovation lab in South America, for which ZTE provided 10 million USD of financing. The LTE lab's standard permits the development of wireless communication for 4G equipment. According to the planning of Subtel, the Telecom Regulatory Authority of Chile, Chile will use the Asia-Pacific standard 700 MHz and 2.6 GHz bands to deploy LTE networks. In the cooperation agreement, ZTE is committed to training a large number of professional talents for the communications industry in Chile. As of 2011, the program at the University of Chile was growing rapidly. The center also trained ZTE engineers as well as university students. On 12 July 2012, ZTE and the University of Chile signed an additional cooperation agreement to expand the functions of the innovation lab.

Additional details

The project is recorded as a grant because there was no sources indicating that ZTE would directly profit from the spending. The intent is mixed (commercial + development) because ZTE aimed to promote the brand in Latin American market.

Number of official sources

4

Number of total sources

12