This Day On The Street
Continue to site right-arrow
ADVERTISEMENT
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here
TheStreet Open House

Etisalat Group Signs 4G LTE Agreements Including Sri Lanka With Alcatel-Lucent

Stocks in this article: ALU

BARCELONA, Spain, Feb. 26, 2013 /PRNewswire/ --  Mobile World Congress -- Etisalat and Alcatel-Lucent (Euronext Paris and NYSE: ALU) signed a joint agreement to extend Etisalat's LTE coverage across its footprint including a new partnership in Sri Lanka.

By deploying Alcatel-Lucent's lightRadio™ solution for this extension, Etisalat is taking this joint business collaboration to the next level to develop the most efficient and sustainable means to deliver 4G LTE-FDD (fourth generation long-term evolution frequency-division duplexing) network and high speed mobile broadband to Etisalat's subscribers.

The agreements were signed Ahmad Abdulkarim Julfar, CEO at Etisalat Group and Ben Verwaayan, CEO at Alcatel Lucent and by Dumindra Ratnayaka, CEO at Etisalat Lanka and Rajeev Singh-Molares, President, Alcatel-Lucent Asia Pacific.

Etisalat is one of the largest telecommunications companies in the Middle East, operating in 15 countries and serving over 139 million subscribers. Under this new business relationship with Alcatel-Lucent, Etisalat marks a major milestone in turning a promise into a reality highlighting how it can meet fast-growing customer demand for high-bandwidth mobile broadband services. With the new LTE extension Etisalat subscribers will have the opportunity to experience an unbeatable mobile broadband that can accommodate multimedia applications such as video conferencing, high definition content transmission and high speed video downloads from social networks.

In preparation for the forthcoming award of LTE licenses in Sri Lanka, Etisalat has signed an agreement with Alcatel Lucent to ensure the operator's service roll out is as fast as the speeds promised by LTE technologies. Etisalat Lanka already offers the fastest mobile broadband experience in Sri Lanka and through LTE will bring broadband connectivity across the country.

Dumindra Ratnayaka, CEO at Etisalat Lanka said: "Etisalat Sri Lanka being in the fore front of the High-Speed Mobile Broadband Market, launched DC-HSPA+ technology last August. Customers thrive on fast and reliable connectivity and depend on our technology to run their businesses and manage their interests. This joint business collaboration with Alcatel-Lucent will enable our customers to experience cutting-edge broadband connectivity in terms of fast Internet access, mobile TV applications, video streaming and video calls. The mobile broadband infrastructure expertise Alcatel-Lucent brings in, assures Etisalat to deliver revolutionary 4G LTE services to our customers.  We at Etisalat strive to provide services that are fast, safe and meaningful to our customers and society."

1 of 3

Select the service that is right for you!

COMPARE ALL SERVICES
Action Alerts PLUS
Try it NOW

Jim Cramer and Stephanie Link actively manage a real portfolio and reveal their money management tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
  • Weekly roundups
TheStreet Quant Ratings
Try it NOW
Only $49.95/yr

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
  • Upgrade/downgrade alerts
Stocks Under $10
Try it NOW

David Peltier, uncovers low dollar stocks with extraordinary upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
  • Weekly roundups
Dividend Stock Advisor
Try it NOW

Jim Cramer's protege, David Peltier, identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Alerts when market news affect the portfolio
  • Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
Real Money Pro
Try it NOW

All of Real Money, plus 15 more of Wall Street's sharpest minds delivering actionable trading ideas, a comprehensive look at the market, and fundamental and technical analysis.

Product Features:
  • Real Money + Doug Kass Plus 15 more Wall Street Pros
  • Intraday commentary & news
  • Ultra-actionable trading ideas
Options Profits
Try it NOW

Our options trading pros provide daily market commentary and over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • 100+ monthly options trading ideas
  • Actionable options commentary & news
  • Real-time trading community
  • Options TV
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!
DOW 17,195.42 +221.11 1.30%
S&P 500 0.00 -2.75 -0.14%
NASDAQ 4,566.1380 +16.9120 0.37%

Brokerage Partners

Rates from Bankrate.com

  • Mortgage
  • Credit Cards
  • Auto

Free Newsletters from TheStreet

My Subscriptions:

After the Bell

Before the Bell

Booyah! Newsletter

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

Register for Newsletters
Top Rated Stocks Top Rated Funds Top Rated ETFs