Etisalat and Korea Telecom ink strategic agreement

Etisalat and Korea Telecom have signed a strategic partnership agreement to jointly develop innovative telecommunications solutions and collaborative services for customers. Respective administrative offices will be established in both the UAE and South Korea, as well as other points of presence, as part of the memorandum of understanding (MoU).

The key goals of the MoU are to share skill-sets, intellectual capital and industry expertise, in an effort towards developing cutting edge products and services. This collaboration will focus on global roaming on Wi-fi, machine to machine telecommunication (M2M), IPTV and managed services. The services will benefit both domestic as well as international business customers of both telecom conglomerates.

Chief marketing officer of Etisalat, Essa Al Haddad, said the two telecom providers will strategically align their infrastructural and intellectual capabilities, to provide cutting edge solutions to businesses in their respective countries.

“In addition to providing avant-garde services for our customers, this partnership will also consolidate Etisalat’s position as the region’s most forward-looking telecommunications and ICT service provider, as we continue to lead innovative developments in the ICT industry and seek to shape the technology and communications market of the future,” Al Haddad added.

Korea Telecom is listed at number 397 on the Fortune 500 List and is the leading provider in South Korea of local telephone and high-speed Internet services.