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Wed 18 Oct 2006 04:00 AM

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i2 acquires phone distributor in UK to build on footprint

i2 already enjoyed a large stakeholding in Allied, and Al Sunaid believes owning the company outright offers i2 a compelling strategic advantage.

Itsalat International (i2), a leading mobile telecoms provider in the Middle East and Africa has disclosed its acquisition of Allied TC, a leading GSM handset provider based in London, UK.

The deal follows the acquisition of Cellempower, a Dubai-based company specialising in mobile value-added services and mobile marketing in September and forms part of i2’s three-pronged approach for the growth of the company. The expansion plan includes new market penetration, the re-invigoration of its retail network and several corporate acquisitions. The acquisition of Allied TC makes Allied the second acquisition in a series of deals that i2 plans action in the near future.

"By acquiring Allied, we will surpass the12 million mark in terms of handset sales by end of 2007,” commented Abdul Hameed Al Sunaid, president and CEO of i2.

“Allied brings more to the table than just increased unit sales. It will provide i2 with a strong foothold in the UK and other European markets, as i2 will provide the equivalent for Allied in the Middle East and Africa.”

No figure was announced for the cost of the acquisition, and Allied TC represents all major brands in the UK including Nokia, Sony Ericsson, Motorola, Siemens, NEC, Alcatel and Samsung.

i2 already enjoyed a large stakeholding in Allied, and Al Sunaid believes owning the company outright offers i2 a compelling strategic advantage.

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