GBI signs Kuwait capacity sales pact
Kuwait, November 28, 2011
FastTelco, a Kuwait-based communication company, has announced the signing of a capacity purchase agreement with Gulf Bridge International (GBI).
A regional cable operator funded by Gulf state sovereign wealth funds, GBI said the agreement will help FastTelco to expand its operations in the Kuwaiti market and further beyond local borders.
This contract is one of a number of advance sales secured by GBI and its first in Kuwait.
As per the deal, GBI will provide FastTelco with connectivity on routes both within the Gulf and onward to Europe, said a company statement.
The GBI Cable System will provide FastTelco with greater choice, value, diversity and resilience for their traffic, it added.
With GBI’s fast approaching Ready for Service date, this advanced capacity sale agreement emphasizes the ever growing demand for capacity in the region and how GBI is working to fill this gap in the market.
“Since its establishment in 2001, FastTelco’s Strategy has always been focused on remaining on the cutting edge of technology and providing practical solutions to its customers.” noted Abdul-Wahab Al-Naqeeb, chairman of the board and managing director of Al-Deira Holding, and CEO of FastTelco.
“Our aim is to differentiate ourselves among all local operators and further expand our operations beyond Kuwaiti borders,” he added.
GBI said it is committed to providing FastTelco with seamless turnkey solutions and bringing their customers to the heart of Europe; thus eliminating the need to interact with third parties and enabling them to rely solely on GBI’s network.
GBI’s ability to connect customers to the main European hubs is just one of its many differentiating factors that serve to distinguish them in the market, stated Ahmed Mekky, board member and CEO of GBI.
'With our imminent launch this is an ideal time for operators and ISPs to place their orders with GBI, the newest and most advanced network in the region,' he added.-TradeArabia News Service
More IT & Telecommunications Stories
- Etisalat wins performance award at CommsMEA
- Mideast IT spending to top $32bn in 2014
- MiX Telematics unveils fleet management solutions
- Etisalat unveils 100 MB data for prepaid users
- Du backs UAE entrepreneurs unit
- Aruba names new EMEA vice president
- Survey to measure UAE mobile radiation levels
- Zain Bahrain on track to launch new network
- Microsoft assures foreign customers on spying
- Batelco wins ‘telecom deal’ award