
A strategic partnership agreement has been finalized by Etisalat Telefonica based in the UAE and Spain respectively. The companies are looking at establishing a mutual broad based cooperative partnership that will see both Groups collaborating on a range of strategic matters, keeping their respective capabilities and expertise in view.
As per the tenets of the Agreement, the telecom operators will look to build methods that will mutually empower them, on the back of each other’s expertise in a wide range of strategic domains; technological standardization, new global technology initiatives, R&D, and new emerging products and services included.
In addition, the companies will be taking advantage of jointly working on procurement, international capacity and wholesale services as well as offering enhanced support for multinational customers of each operator, under the ambit of the Telefónica Partners Program.
Etisalat and Telefonica are not seen competing with each other with regard to their respective operational markets. The Etisalat Group has stamped its presence in 18 countries across Africa, Asia and the Middle East while Telefónica operates in 25 markets across Europe and Latin America.
The Partnership Agreement immediately takes effect.
