OREANDA-NEWS. May 11, 2010. President Serzh Sargsyan received in his residence the Executive Director of Huawei Techonologies Co. Ltd Lin Ru-Chi. In the afternoon, the Armenian delegation headed by the President visited the headquarters of the Zhong Xing Telecommunications Equipment Company Limited and met with the President of the Company Lirong Shi.

These two companies, which specialize in different areas of telecommunications such as equipment manufacturing, electronic governance, telecommunications systems, etc., are planning to participate in the ambitious telecommunication projects in Armenia.

The President of Armenia and the Head of the ZTE company discussed the possibilities of cooperation. Welcoming intentions of the Chinese company to work in Armenia, President Sargsyan noted at the same time that the Armenian side was ready not only to assist Chinese companies but also participate in the production processes.

President Sargsyan discussed the prospects of cooperation also with the President of Huawei Technologies. This is a dynamically developing company - Huawei is now the world's second-largest telecommunications equipment provider after Ericsson and its patent pool is second only to Intel. Huawei has set a goal of becoming the leader on the world market of telecommunications technologies in the next three years. To that end, the Chinese company is interested in doing business in Armenia. After discussions, the Armenian side signed a memorandum of understanding with the Huawei Company.