Abu Dhabi's ADWEA, du enter fibre optics deal
by This email address is being protected from spam bots, you need Javascript enabled to view it on Tuesday, 21 April 2009DEEP CONNECT: The agreement was signed by David Copstake, Managing Director, TRANSCO and Osman Sultan, Chief Executive Officer of du. (Getty Images)
Abu Dhabi Water and Electricity Authority (ADWEA) announced today that it has signed a strategic agreement with du, the UAE’s integrated telecom service provider, giving du uninterrupted access to all installed and planned fibre optics networks across the emirate of Abu Dhabi.
The agreement was signed by David Copstake, Managing Director, TRANSCO and Osman Sultan, Chief Executive Officer of du.
In a media release, David Copstake, Managing Director, TRANSCO said: “Through TRANSCO, ADWEA owns a state-of-the-art fibre optics network. With the continually increasing demand for Internet bandwidth, our agreement with du is fully designed to offer unlimited access to the current dark fibre network, enabling du to further implement its leading telecom technology.”
Osman Sultan, CEO, du, said: “The interconnection agreement and access to TRANSCO’s dark fibres network is expected to bring out a lot of synergies and raise the playing field for us in the UAE. It will enable us to serve our Abu Dhabi customers better and it will create the ideal platform for offering a multitude of services in the future.”
“We look forward to working closely with TRANSCO to make this opportunity successful for the benefit of all new and existing customers.”
du is 39.5 percent owned by the UAE federal government, 19.75 percent by Mubadala Development Co, 19.5 percent by Emirates Communications & Technology Co LLC and the remaining stake by public shareholders. According to the company's press release, by the end of 2008, it had over three million customers in the UAE.
READERS' COMMENTS
MORE FROM ARABIANBUSINESS.COM
TOP IN MIDDLE EAST TECHNOLOGY
TOP MIDDLE EAST BUSINESS STORIES
ALSO IN MIDDLE EAST TECHNOLOGY
LATEST MIDDLE EAST BUSINESS NEWS
- Transportation: Etihad set to receive new cargo aircraft in 2010
- Energy: Saudi Aramco sees gas supplies up by 30% by 2014
- Real Estate: 59% say Deyaar job cuts just tip of the iceberg
- Politics & Economics: 52% of MENA firms eye staff hiring - survey
- Financial Markets: Property stocks help UAE markets advance
SHARE PRICE CHECK
RELATED STORIES
Abu Dhabi Water and Electricity Authority (ADWEA)
- Abu Dhabi seals $2.15bn deal for water, power project
19 Oct '09 | News - Abu Dhabi power project said close to $1.1bn loan
17 Aug '09 | News - Energise the Emirates
10 Jun '09 | Features




