Agreement ZTE-FORTHNET Network upgrades

In July 2016, Forthnet, a Greek telecommunications company, signed a Cooperation Agreement with China Telecommunications Corporation equipment maker ZTE Corporation to develop a high-speed network in Greece. The agreement followed the visit of the then Prime Minister Alexis Tsipras to Shanghai. A year later, in May 2017, Forthnet and ZTE Corporation teamed up with two other Chinese companies, Shanghai Gongbao Business Consulting and KaiXinRong Group, to fund a fibre optic network in the country. The Chinese companies were willing to invest up to 500 million euros for the project.

Greece