The signing ceremony took place in the presence of His Excellency the Minister of Communications Dr. Charbel Nahhas and Orascom Telecom's CEO, Mr. Khalid Bichara. According to the extension terms, after the six-month period, the contract is renewable for three months for two successive times.
Mr. Khaled Bichara, Orascom Telecom's CEO, said, "We are pleased with the achievements we have made in the Lebanese mobile market phones through our management of Alfa during the past year, and we hope to secure a presence for OTH within the long term plans of the Lebanese Republic for its mobile communication market."
Mr. Samer Salameh Alfa's CEO, said that "the achievements of Orascom Telecom to make Alfa regains its leading and pioneering position in the operation of the Telecommunication sector in Lebanon increased the confidence in the excellence of Orascom Telecom's administrative and operational capacities globally."
Salameh added, "During this year Alfa experienced higher levels of regional and global presence in the heart of the revolution of communications and digital technology in the Middle East. The enhancements underwent by Alfa included main technical projects that were implemented in parallel such as the Core Network upgrade, the Backbone transmission, the Radio/Capacity expansion as well as the replacement of the prepaid and postpaid billings systems. These efforts, normally undertaken over a period of years, were achieved in mere months, thanks to the combined efforts of Orascom Telecom and the Alfa employees. Alfa has now a brand new network enabling it to provide its customers with cutting-edge products and services."
Salameh announced that Alfa plans to implement new projects during 2010 to follow up Alfa's achievements in boosting the Telecommunication sector in Lebanon.
It's worth mentioning that "Orascom Telecom Holding" (OTH) is the international leading mobile operator in the Middle East, Africa and South Asia and counts over 89 million subscribers.
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Orascom Telecom renews its management contract of Alfa
- Lebanon: Monday, February 08 - 2010 at 15:19
- PRESS RELEASE
In a step that would promote and boost the mobile sector in Lebanon, both the Lebanese Ministry of Telecommunications and Orascom Telecom Holding signed up the extension of the management contract of the Lebanese mobile network known as the "Alfa", managed by Orascom Telecom since the 1st of February 2009, for a period of six months ending on 31 July 2010.
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About Alfa:Alfa is the brand name of the Lebanese mobile network managed by "Orascom Telecom Holding" (OTH) since February 2009.
Alfa capitalizes on its expertise in the telecom field in order to deliver a global and professional solution for the GSM sector in Lebanon. Alfa has over one million subscribers.
About Orascom Telecom:
Orascom Telecom is a leading international telecommunications company operating GSM networks in high growth markets in the Middle East, Africa and Asia, having a total population under license of approximately 510 million with an average mobile telephony penetration of approximately 47% as of September 30th, 2009. Orascom Telecom operates GSM networks in Algeria ("OTA"), Pakistan ("Mobilink"), Egypt ("Mobinil"), Tunisia ("Tunisiana"), Bangladesh ("banglalink"), North Korea ("koryolink"), and Canada ("WIND Mobile") through its indirect equity shareholding in Globalive Wireless. In addition, OTH has an indirect equity ownership in Telecom Zimbabwe (Zimbabwe) and through its subsidiary Telecel Globe, OTH also operates in Burundi, the Central African Republic and Namibia. Orascom Telecom had almost 89 million subscribers as of September 30th, 2009.
Orascom Telecom is traded on the Cairo & Alexandria Stock Exchange under the symbol (ORTE.CA, ORAT EY), and on the London Stock Exchange its GDR is traded under the symbol (ORTEq.L, OTLD LI).
Posted by Husam OdiabatMonday, February 08 - 2010 at 15:19 UAE local time (GMT+4)
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