Huawei to Finance Etisalat

Etisalat and Huawei deepen partnership

June 11, 2009

1 Min Read

ABU DHABI, United Arab Emirates -- Huawei Technologies Co Ltd. ("Huawei"), a leader in providing next-generation telecommunications network solutions for operators around the world, 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.

‘’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.”


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