ATHENS May 13 Greek telecoms company Forthnet
and Chinese telecom equipment maker ZTE Corp
have teamed up with two other Chinese firms to
finance a fibre optic network in Greece, Forthnet said on
Forthnet and ZTE signed a cooperation agreement in
2016 to build a high-speed broadband network in the country.
Under the latest deal, Shanghai Gongbao Business Consulting
and KaiXinRong Group will invest up to 500 million euros ($546
million) over seven years with the bulk of the investment
carried out in the first three, Forthnet said.
The agreement was signed during Greek Prime Minister Alexis
Tsipras's visit to Beijing to attend a summit of leaders from 28
countries, part of China's ambitions to generate economic
prosperity by building a new Silk Road.
China has been investing heavily in Greece in recent years.
Its biggest shipping company, COSCO Shipping, bought a majority
stake in Piraeus Port Authority last year under its
plan to turn Greece into a transhipment hub for rapidly growing
trade between Asia and Eastern Europe.
($1 = 0.9152 euros)
(Reporting by Karolina Tagaris; editing by David Clarke)