OREANDA-NEWS. November 12, 2014. During the APEC Summit in China, at a ceremony attended by Russian Federation President Vladimir Putin, VTB signed a strategic cooperation agreement with Huawei, a global leader of ICT solution in IT and telecommunication systems. Andrey Kostin, President and Chairman of the VTB Bank Management Board, and Executive Board Director of Huawei Technologies Meng Wanzhou signed the document.

In accordance with the agreement, VTB and Huawei are expected to expand their cooperation in the supply and implementation of cutting-edge telecommunications, server equipment, enterprise class storage systems, and solutions in the areas of cloud computing, etc.

Huawei will supply the bank and Tele2 Russia with the solution mentioned above.