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Alcatel and Etisalat sign a worldwide cooperation agreement
- United Arab Emirates: Monday, July 25 - 2005 at 11:12
- PRESS RELEASE
Alcatel (Paris: CGEP.PA and NYSE: ALA) today announced it has signed a Memorandum of Understanding (MoU) with Etisalat, a leading telecommunication player in the Middle East, to accompany Etisalat in its worldwide expansion plans.
Alcatel and Etisalat will collaborate in the development of business cases, technical feasibility studies, tender submission, marketing, financing solutions linked to the supply and installation of Alcatel telecommunication equipment and the delivery of support services.
Mr. Obaid Bin Mes'har, Chief Executive Officer of Etisalat International said: "By signing this agreement with Alcatel, we expect that both companies will see their businesses grow together, not only throughout the Gulf region but also through all Etisalat's future international acquisitions."
"This agreement is the logical evolution of the long lasting cooperation between our company and Etisalat in the development of telecommunications solutions in both the Emirates and Saudi Arabia. This experience can now be utilized internationally contributing to the healthy development of this partnership which will encompass all the latest technologies"stated Olivier Picard President of Alcatel France & MAI. "Their customers will enjoy the benefits of the most advanced networks."
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About AlcatelAlcatel provides communications solutions to telecommunication carriers, Internet service providers and enterprises for delivery of voice, data and video applications to their customers or employees. Alcatel brings its leading position in fixed and mobile broadband networks, applications and services, to help its partners and customers build a user-centric broadband world. With sales of EURO 12.3 billion in 2004, Alcatel operates in more than 130 countries.
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Posted by Anne-Birte Stensgaard, Senior News Editor
