Bolivia, China team up on communications satellite
(Reuters) April 1, 2010, By Eduardo Garcia
Leftist Bolivian President Evo Morales signed an agreement on Thursday that paves the way for the acquisition of a $300 million Chinese telecommunications satellite, the latest sign of deepening ties between the resource rich Andean country and commodity-hungry China. The satellite, which will be named after an Indian who led an uprising against the Spanish conquistadors in the 18th century, will improve Internet access and communications in remote rural areas, Morales said. Public Works Minister Walter Delgadillo said the accord signed on Thursday lays out the technical details of the project and the next step is to secure financing from China.
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