Etisalat wins the prestigious “Deal of the Year” award at the TMT Finance Awards
Etisalat Group, the leading telecoms operator in the Middle East, Africa and Asia, scooped two awards at the prestigious TMT Finance MENA Awards 2014 in Dubai.
Etisalat’s recent acquisition of Maroc Telecom won “Deal of the Year”, while its GPON technology rollout partnership with Huawei and its Fibre to the Home (FTTH) initiatives were singled out in the “Innovation” category.
Etisalat, one of the world’s fastest-growing telecom groups, announced the successful completion of its acquisition of Vivendi’s 53-percent shareholding in Itissalat Al Maghrib (Maroc Telecom) earlier in the month. The deal saw Etisalat expand its services to nearly 800 million people across 19 countries throughout the Middle East, Africa and Asia.
“Etisalat’s deal with Maroc Telecom, which marked the largest and most complex deal this year by far, will completely change the telecoms landscape in the markets in which Maroc Telecom currently operates. It is the largest cross-border M&A transaction in the MENA region and the third largest telecom transaction in the MEA region of all time,” said Dominic Lowndes, Managing Director TMT Finance.
In March, Etisalat and Huawei, a leading global information and communications technology solutions provider, signed an MOU to conduct the first ever trials of 5G services in the region. The partership also includes coordinating the development, design and deployment of future ICT platforms for fifth generation mobile broadband as well as fibre-powered GPON networks.
Commenting on the partnership, Dominique said: “Etisalat’s commitment to enhancing its networks, developing new technology and forming innovative partnerships not only give Etisalat more control over the cost of operation but also provides its customers across the region with the very latest in technology. The firm’s ultra-fast 40Gbps GPON technology partnership with Huawei is particularly impressive.”
Fifth generation mobile broadband offers 10 gbps, enabling consumers to use multi-user UHD Tele-presence, Real 3D and virtual and augmented reality services. The 40G PON system uses wavelength division multiplexing technology that allows a 40 Gbps downstream transmission rate and a 10 Gbps upstream rate. 40G PON technology will enable Etisalat to build sustainable optical access networks that can evolve and grow into the future, also to provide premium high speed services in a fast changing world.
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Etisalat Media Desk