Etisalat forms alliance with Korea Telecom
Etisalat and Korea Telecom plan to share skills and intellectual capital to create new services and bolster ties between the two countries.
Etisalat, the UAE's incumbent telecom operator, has formed an alliance with Korea Telecom to jointly develop new services.
Under the agreement, which was signed by Essa Al Haddad, group chief marketing officer, Etisalat, and Hansuk Kim, head of global business unit, Korea Telecom, the two operators will share skills, intellectual capital and expertise to help develop new products and services.
This collaboration will focus on creating services around global roaming on Wi-fi, machine-to-machine telecommunication, IPTV and managed services.
The telcos will also work towards creating points of presence in South Korea and UAE, which will eventually provide improved direct links for their customers in the two countries.
Etisalat and Korea Telecom, which offers fixed, mobile and data services in South Korea, will establish a joint office to help execute the plans in the agreement.
The deal could give Etisalat a useful platform in East Asia, which has already attracted some attention from Middle East and African operators. Etisalat's rival in the UAE, Du, signed an agreement with Hong Kong's PCCW back in 2008 to share each others enterprise networks. Meanwhile, Egyptian telco Orascom took the bold step of launching mobile services in North Korea in 2008.
The UAE and South Korea established closer economic ties in December 2009 when the UAE awarded a South Korean consortium, led by the Korea Electric Power Corp, a $20 billion deal to build four nuclear reactors in the country.