The FINANCIAL — Satcom (NYSE: GE), one of the leading providers of satellite communication services, and du, (DFM: du) UAE’s integrated telecom service provider, on October 18 signed a partnership agreement that will see the two companies co-operate on the delivery of satellite network solutions throughout the Middle East, Africa and beyond.
According to GE, the agreement was signed between Ronny Svang, President and CEO, GE – Satcom and Farid Faraidooni, Chief Commercial Officer, du, in the presence of other senior company officials during GITEX Technology Week in Dubai, United Arab Emirates.
The deal, which brings together GE – Satcom’s advanced satellite communications solutions and du’s extensive MEA expertise, gives both partners the opportunity to achieve significant growth, particularly within the region’s oil and gas, energy and financial sectors where reliable communications are required between base operations and remote sites underserved by terrestrial telecommunications infrastructure.
“This is a promising step for both organisations,” explains Ronny Svang, President and CEO of GE – Satcom.” As one of the leading telecom operators in the United Arab Emirates, du has a presence and local understanding that we could never hope to achieve on our own.”
“For our part, we bring to the table world-class satellite communications technologies, superior VSAT network operations capability, a comprehensive satellite space inventory and demonstrable experience in delivering services to government and corporate clients.”
Farid Faraidooni, Chief Commercial Officer, du, commented: “We have grown very rapidly in recent years and our long-term plan is to further develop the government and business side through the provision of end-to-end solutions. This partnership enables us to take another significant step towards that goal. We are glad to join hands with GE – Satcom, an active company in the Middle East and a company with which we believe we can share strong synergies.”
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