Qtel partners with ST Telemedia for Egyptian bid

Under the terms of the MoU between the two companies, the parties have agreed to establish a joint venture which will be majority owned by Qtel.

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By  Tawanda Chihota Published  April 12, 2006

Qtel has announced a joint venture partnership with Singapore Technologies Telemedia (ST Telemedia), a leading information communications company, to bid as a consortium for the third mobile licence in Egypt. Under the terms of the memorandum of understanding between the two companies, the parties have agreed to establish a joint venture which will be majority owned by Qtel. Qtel and ST Telemedia will provide the required resources and expertise to the joint venture to build, manage and operate the mobile network in Egypt. "Based on Qtel and ST Telemedia's combined operating experience and expertise in over 30 countries across the Middle East, Asia Pacific, Europe and the Americas, and with close to 17 million mobile subscribers, we are confident of delivering high quality and affordable services to Egyptian consumers, says Qtel’s CEO Nasser Marafih. The deadline for proposal submissions is May 4. Speaking to CommsMEA recently, Marafih said he believed that the Egyptian licence award was one of the most important in the region and that Qtel would actively seek to acquire it. Qtel already has a partnership with Danish and pan-European operator TDC in Nawras in Oman, and would have liked to have seen that arrangement extended to the Egyptian deal. “TDC would have been our preferred partner, if they were willing,” Marafih told CommsMEA.

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