OrascomTelecom Hldgs OTLD OTH signs an agreement with Huawei

  OrascomTelecom Hldgs (OTLD) - OTH signs an agreement with Huawei

RNS Number : 8301Q
Orascom Telecom Holdings S.A.E
11 November 2012








Orascom  Telecom  signs  an  agreement  with  Huawei  and  Alcatel-Lucent  for 
modernizing  the  nationwide  mobile   network  of  Mobilink,  its   Pakistani 
subsidiary

Cairo, November 11,  2012: Orascom Telecom  Holding S.A.E ("Orascom  Telecom") 
announces  the  signature  of   a  five  years   agreement  with  Huawei   and 
Alcatel-Lucent  to  provide   for  the  design,   purchase,  deployment,   and 
maintenance  of  next-generation  mobile  network  equipment  and   supporting 
services  from  two  of  the  world's  leading  global  providers.  With  this 
investment, Mobilink expects not  only to further enhance  the data and  voice 
services it provides to  its customers throughout Pakistan,  but also to  pave 
the way to introducing 3G services as soon as these are licensed in Pakistan.



"As part of  our commitment to  the Pakistani telecom  market, this  strategic 
investment  will  allow   Mobilink  to  continue   to  provide   cutting-edge, 
high-quality mobile broadband and voice services to our customers in  Pakistan 
while reducing costs associated with  operating the network", said Ahmed  Abou 
Doma, Group Chief Executive Officer of Orascom Telecom.



In addition  to better  network performance,  Mobilink also  expects that  the 
improved capabilities of the  latest generation of  equipment from Huawei  and 
Alcatel-Lucent will  allow  the  company  to  significantly  increase  network 
efficiency and reduce operating costs.  More specifically, Huawei was  awarded 
50% of  the radio  network  and 100%  of the  core  and value  added  services 
networks, while Alcatel-Lucent was awarded the  other 50% of the radio  access 
network.





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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 415  million 
with an average mobile telephony penetration  of approximately 51% as of  June 
30^th, 2012.  Orascom  Telecom  operates  GSM  networks  in  Algeria  ("OTA"), 
Pakistan ("Mobilink") and Bangladesh ("banglalink") and has an indirect equity
shareholding in Globalive Wireless Canada ("Wind Mobile"). In addition it  has 
an indirect equity ownership  in Telecel Zimbabwe  (Zimbabwe) and through  its 
subsidiary Telecel Globe, OTH also operates in Burundi and the Central African
Republic. Orascom  Telecom reached  over  83 million  subscribers as  of  June 
30^th, 2012.



Orascom Telecom is traded on the Egyptian Exchange under the symbol  (ORTE.CA, 
ORAT EY), and  on the London  Stock Exchange,  its GDRs are  traded under  the 
symbol (ORTEq.L, OTLD LI).



Investor Relations Contacts:



OTInvestorrelations@otelecom.com

Tel+20(2)24615050/51

Fax+20(2)24615054/55
www.orascomtelecom.com



                     This information is provided by RNS
           The company news service from the London Stock Exchange

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AGRLIFITLSLLLIF -0- Nov/12/2012 07:00 GMT