Pages

12 June 2009

Huawei and Etisalat sign vendor financing deal

10 06 2009 - Abu Dhabi, Huawei Technologies Co Ltd. ("Huawei"), a leader in providing next-generation telecommunications network solutions for operators around the world.

image Today announced that it has signed a Global Framework Agreement(GFA)and Financing Memorandum of Understanding (MoU) with Etisalat, the leading operator in Middle East and Africa, to further support its business expansion. His Excellency Mr. Mohamed Omran, Chairman of Etisalat, and Madam Sun Yafang, Chairperson of Huawei attended the signing ceremony at the Etisalat-Huawei Summit in Abu Dhabi, UAE.

Under this Financing MoU, as the strategic partner, Huawei will provide the optimal financing solution to Etisalat. The GFA will help Etisalat and Huawei improve their business efficiency. Both the Financing MoU and GFA will further support Etisalat’s expansion in the future.Furthermore, Etisalat and Huawei will jointly establish an Application Innovation Center (AIC), aims to increase the operator’s competitiveness and sustain its business growth by introducing more customized solutions and applications.

image ‘’The agreement will further strengthen our valued relationship with Huawei,” said Mr. Omran, Chairman of Etisalat. “With the on-going strategic partnership, we will be able to provide more differentiated service offerings to the subscribers across our geographical reach.” 

‘’As the global economic downturn intensifies, both Etisalat and Huawei will jointly overcome these challenges through our partnership that has been established based on mutual trust and a win-win strategy. We are dedicated to addressing market needs in the most beneficial way to both parties and the whole society,’’ said Madam Sun Yafang, Chairperson of Huawei.

Following the strategic partnership agreement signed in May, 2008, Etisalat and Huawei held the first Etisalat-Huawei Summit this year to review the partnership and explore more areas for co-operation.

Source: etisalat.com



Post a Comment