The MoU was signed between His Royal Highness Prince Abdelaziz Bin Meshaal Bin Abdelaziz Al Saud, Chairman of the Board of FiCall and Ayub Khan, Deputy Chief Executive Officer (CEO) of Center Group. The signing ceremony was held at the on-going Gitex exhibition in Dubai.
As per the MoU, the 10 million licenses are part of the first phase of the partnership, which continues in the second phase starting in 2011. The second phase includes a purchase of another five million new licenses, which raise the total amount of the deal to US$ 120 million. This offers Center Group, the capacity to provide its global subscribers free FiCall services, which include subscription license for Voice Call services, Video Calls, SMS, MMS, chat and live iPTV broadcasting of over 25 TV stations.
Commenting on the partnership, His Royal Highness Prince Abdelaziz Bin Meshaal Bin Abdelaziz Al Saud, Chairman of the Board of FiCall said: “The MoU reflects an increase in demand for international VoIP services. This is coherent with the global trend of increasing telecom services, brought about, through innovative solutions and new services with the highest levels of quality at reduced costs.”
There has been huge growth in the VoIP industry touch 179% within the last decade. This growth indicates global demand on the VoIP service. Subsequently, VoIP technology has also proved to be a major economical substitute to fixed and mobile markets.
Elaborating further, Faisal Almhairat, Chief Executive Officer of FiCall said: “The MoU falls under the global expansion strategy of FiCall in order to strengthen its global presence. We also want to offers our global market customers’ innovative services with a competitive pricing policy.”
The signing of the MoU was part of the many activities and news announcements made by FiCall during Gitex, this year. FiCall differentiates itself with unique applications to cater specifically to the Middle East region. The VoIP services offered by FiCall include video and voice calls, text messages, multimedia messages and uninterrupted free IPTV. For this, FiCall has the most advanced solutions. The services are simple, effective and free between FiCall subscribers anywhere in the world. The call rates are also very low between subscribers and non-subscribers.
Concluding Ayub Khan, Deputy Chief Executive Officer (CEO) of Center Group said: “The partnership with FiCall will add an extra value to Center Group’s global VoIP offerings and provide us a competitive advantage in the market. The MoU has been signed after extensive market research on global VoIP service providers. FiCall has the most innovative and comprehensive suite of VoIP services that meet global standards of technology and quality.”
Saturday, October 23- 2010 @ 10:18 UAE local time (GMT+4) Replication or redistribution in whole or in part is expressly prohibited without the prior written consent of Mediaquest FZ LLC.