Public Mobile, ZTE and the Export-Import Bank of China have agreed to the terms of a $350M financing arrangement that supports Public Mobile’s plan to build a wireless network stretching across its licensed area from Windsor to Quebec City.

This vendor financing arrangement, combined with hundreds of millions of dollars in equity commitments from its shareholders, means Public Mobile has a fully funded business plan and can build out its entire licensed area.

From a national perspective, this partnership is important because it supports Public Mobile’s investment in building a competitive wireless network.  It will also continue to create and provide Canadian jobs.  Construction of the network has already generated 100 high tech jobs in Ontario and Quebec.

“This is a significant deal for both Public Mobile and ZTE,” said Alek Krstajic, CEO of Public Mobile. “ZTE provides the world’s top mobile operators with high-quality and high-capacity network performance,” added Krstajic.

ZTE is a leading global provider of telecommunications equipment and network solutions and has provided products and services to major telecom operators in 140 countries in Europe, Asia, Africa and Latin America.

To see the complete press release, click here.