Dubai-based Emirates Integrated Telecommunications Co (Du) has selected Nokia Siemens Networks to upgrade its mobile network operations in the U.A.E., spending US$108 million.
Nokia Siemens Networks is one of the largest telecommunications hardware, software and services companies in the world.
According to the company’s statement, the project is estimated to improve Du’s network performance and operations. Nokia Siemens Networks will expand Du’s 2G network and introduce its 3G HSPA+ network with speeds of up to 42Mb as part of Du’s existing 3G HSPA+ network.
As per the company’s statement in mid-September, it has entered into a US$207 million financing agreement with KfW IPEX-Bank GmbH, part of Germany’s KfW Bankengruppe, to help assist the roll out of its 2G and 3G network. The financing agreement was facilitated by Nokia Siemens Networks and largely backed by Euler Hermes SA, an export credit agency based in Germany.
