ZTE and CIMB Expand Strategic Partnership to Accelerate 5G Deployment and Digital Infrastructure Across ASEAN

ZTE Corporation and CIMB Bank Berhad have signed a Memorandum of Understanding to expand their strategic partnership.

This collaboration leverages ZTE's telecommunications expertise and CIMB's financial solutions to support 5G networks and digital infrastructure across ASEAN.

Building on Proven History in Malaysia

The partners have a strong track record in Malaysia, including joint efforts in the country's 5G rollout aligned with national digital initiatives.

Previous cooperation also encompassed foreign exchange, transaction banking, and cash management services.

Key Pillars of the Expanded Alliance

Under the MoU, they will explore infrastructure financing, regional network expansion, and cross-border liquidity management.

Steven Ge, Vice President of ZTE Malaysia, emphasized the shared commitment to ASEAN's digital transformation.

Chu Kok Wei, CEO of CIMB Group Wholesale Banking, highlighted CIMB's role in enabling efficient project execution.

Impact and Future Regional Expansion

The partnership targets Indonesia, Singapore, Thailand, Cambodia, and beyond to bridge the urban-rural digital divide.

It aligns with the ASEAN Digital Economy Framework Agreement (DEFA) to foster a holistic ecosystem of stakeholders.

By integrating technology and finance, it promises faster rollout of high-speed connectivity and scalable infrastructure projects.

This initiative positions ASEAN for leadership in the global digital economy.