ZTE Corporation has signed a Memorandum of Understanding (MoU) with CIMB Bank Berhad to establish a strategic cooperation framework aimed at advancing digital infrastructure across ASEAN. This partnership combines ZTE’s telecommunications expertise with CIMB’s financial solutions to support the deployment of next-generation digital infrastructure, particularly 5G networks.
The MoU, formalised in Kuala Lumpur, was signed by Kevin Xiao of ZTE and Freddy Ong of CIMB, with Steven Ge and Denise Wong witnessing the event. The collaboration will explore infrastructure financing, regional network expansion, and cross-border liquidity management. By integrating technical capabilities with strategic banking solutions, the partnership aims to create a holistic ecosystem involving operators, government agencies, regulators, and investors to drive digital transformation in the region.
This expanded partnership is expected to accelerate high-speed connectivity rollout in underserved and rural areas, helping bridge the urban-rural digital divide. It also aligns with regional frameworks like the ASEAN Digital Economy Framework Agreement, enhancing execution efficiency and scalability for infrastructure projects.
Steven Ge, Vice President of ZTE Corporation, stated, “This partnership reflects a shared commitment to advancing ASEAN’s digital infrastructure and accelerating the deployment of 5G networks.” Kevin Xiao added that integrated financial solutions are crucial for large-scale telecommunications projects. Chu Kok Wei of CIMB highlighted the collaboration’s role in supporting ZTE’s regional expansion through integrated financing and banking solutions.
The partnership builds on an established collaboration in Malaysia, extending its reach to Indonesia, Singapore, Thailand, and Cambodia, with broader regional ambitions.
