Companies

Nokia Siemens Networks to establish Saudi Arabia joint venture

The agreement, with Al Sarya Telecommunications Company and Belal Company will establish Nokia Siemens Networks al Saudia as a joint-venture company. File Photo: AP  

Telecommunications services enabler Nokia Siemens Networks announced that it has signed a strategic partnership agreement in Saudi Arabia to develop local market opportunities in the telecommunication services sector by enabling operators to optimise their networks.

The agreement, with Al Sarya Telecommunications Company and Belal Company, both members of the Ghazzawi Group of Companies in Saudi Arabia, will establish Nokia Siemens Networks al Saudia as a joint-venture company.

Under the terms of the joint-venture, NSN Saudi will offer operators four distinct services, such as network implementation services, including for fixed, mobile and IP technologies.

Dr Talal Al-Ghazzawi, the chairman of Nokia Siemens Networks al Saudia, said the joint venture is a step further in the company’s strategy to further grow its business in Saudi Arabia.

“We bring in the local knowledge and infrastructure, whilst Nokia Siemens Networks brings in their scalability, global delivery model and network services expertise.” he said.

“This is an excellent combination to deliver cost effective services to the local clients and we believe through this joint-venture, we will be able to better service Nokia Siemens Networks’ customers who are keen to grow their businesses in the kingdom,” he said.

Jorg Erlemeier, Head of Middle East region for Nokia Siemens Networks, said this is a major milestone for Nokia Siemens Networks as it looks to expand its footprint within Saudi Arabia, where it has been working with all major operators.

“This partnership should allow us to pursue new directions such as the possibility of offering multi-vendor services and will unlock fresh revenue streams. This is a unique opportunity at a time when the Saudi telecom sector continuous to grow at an impressive pace,” he said.

“Although the telephony penetration rate is already one of the highest in the Middle East region, double-digit growth in mobile subscriptions is projected for the coming two years,” he added.

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Printable version | Mar 5, 2021 6:09:14 PM | https://www.thehindu.com/business/companies/nokia-siemens-networks-to-establish-saudi-arabia-joint-venture/article2041797.ece

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