Motorola has inked a whopping $1.6 billion reseller deal with China's Shenzhen Telling Telecom Development. The deal sees Shenzhen buying 12 million mobile phones from Motorola in 2007. The deal will be signed later on today with U.S. Secretary of Commerce Carlos Gutierrez presiding over the proceedings. Gutierrez has led a U.S. delegation of 25 companies to China to discuss bilateral trade issues with senior Chinese government officials and local industry executives. Looks like they have been fruitful so far.
For more on the Moto-Shenzhen deal:
- read this article from MarketWatch