On Air Now

Upcoming Shows

Program Schedule »

Listen

Listen Live Now » 1330 AM Sheboygan, WI

Weather

Current Conditions(Sheboygan,WI 53081)

More Weather »
64° Feels Like: 64°
Wind: WSW 3 mph Past 24 hrs - Precip: 0.05”
Current Radar for Zip

Today

Mostly Sunny 73°

Tonight

Clear 60°

Tomorrow

Scattered Thunderstorms 74°

Alerts

Breaking News

The Wisconsin Supreme Court has upheld Act 10, Photo ID and the same-sex partner registry in decisions handed down this morning.

Read More »

ZTE signs financing deal with China Development Bank

A ZTE company logo is seen at the company's exhibition pavilion during the CommunicAsia information and communications technology trade show
A ZTE company logo is seen at the company's exhibition pavilion during the CommunicAsia information and communications technology trade show

HONG KONG (Reuters) - ZTE Corp, the world's No.5 telecom equipment maker, said on Tuesday it had signed a $20 billion financing agreement with Chinese policy bank China Development Bank (CDB).

"The principal terms of the agreement include the provision by CDB of a $20 billion facility for cooperation, comprising financing facilities for the company's overseas projects and credit facilities for the company," it said in filings to the Hong Kong and Shenzhen stock exchanges.

"The agreement forms the framework of business cooperation for an effective period of five years," ZTE said.

For the statement, please click http://www.hkexnews.hk/listedco/listconews/sehk/2012/1204/LTN201212041000.pdf

(Reporting by Lee Chyen Yee; Editing by Anne Marie Roantree)

Comments