ZTE and Sri-Lanka based service provider Mobitel have signed a strategic cooperation agreement worth $40 million.

As part of the agreement, ZTE will deploy over 700 2G/3G/4G long-term-evolution (LTE) base stations and transmission equipment for Mobitel’s Stage VII mobile network expansion project.

Commenting on the agreement, Lalith De Silva, chief executive officer, Mobitel, says, “We are happy ZTE successfully completed the largest stage of our network expansion, which involved 2G and 3G Base Stations at over 1,000 sites, in record breaking time. The next major development in our technological footprint through this new expansion will be the introduction of the latest LTE standard, which will be the commercial deployment of 4G mobile technology.”