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. -END- 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 END AGRLIFITLSLLLIF -0- Nov/12/2012 07:00 GMT
OrascomTelecom Hldgs OTLD OTH signs an agreement with Huawei
Press spacebar to pause and continue. Press esc to stop.