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Sun 22 May 2011 07:59 PM

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Global telecom giant inks deal for Saudi joint venture

Nokia Siemens Networks signs strategic partnership to offer range of services to Saudi operators

Global telecom giant inks deal for Saudi joint venture
Nokia CEO Stephen Elop
Global telecom giant inks deal for Saudi joint venture

Nokia Siemens Networks, the global telecommunications company, announced on Sunday it had signed a deal to establish a new joint venture firm in Saudi Arabia.

The Finnish giant inked a strategic partnership agreement with Al Sarya Telecommunications Company and Belal Company, it said in a statement.

The aim is to develop local market opportunities in the telecommunication services sector by enabling operators to optimise their networks, Nokia Siemens Networks said.

Dr Talal Al-Ghazzawi, chairman of Nokia Siemens Networks al Saudia Ltd, said: "Creating this joint venture is an important step in our strategy to further grow our business in Saudi Arabia.

"We bring in the local knowledge and infrastructure whilst Nokia Siemens Networks brings in their scalability, global delivery model and network services expertise."

Under the terms of the joint venture deal, NSN Saudi will offer operators a range of network services for fixed, mobile and IP technologies.

Jorg Erlemeier, head of Middle East region for Nokia Siemens Networks, added: "This is a major milestone for Nokia Siemens Networks as it looks to expand its footprint within Saudi Arabia where it has been working with all major operators.

"This is a unique opportunity at a time when the Saudi telecom sector continuous to grow at an impressive pace. Although the telephony penetration rate is already one of the highest in the Middle East region, double digit growth in mobile subscriptions is projected for the coming two years."

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