Huawei has announced that it has signed a Global Framework Agreement (GFA) and Financing Memorandum of Understanding (MoU) with Etisalat, to further support its business expansion.
Under this Financing MoU, as the strategic partner, Huawei will provide the optimal financing solution to Etisalat. The GFA will help Etisalat and Huawei improve their business efficiency. Both the Financing MoU and GFA will further support Etisalat’s expansion in the future. Furthermore, Etisalat and Huawei will jointly establish an Application Innovation Center (AIC), aims to increase the operator’s competitiveness and sustain its business growth by introducing more customized solutions and applications.
Well that’s an interesting one – a Telco vendor major player getting in on the action in terms of providing key finance solutions to an Operator. I am not sure how the business mechanics will work here, but essentially Huawei will become THE supplier for Etisalat. Having said that, Huawei have been winning an incredible amount of deals of late, and are now hitting hard in the LTE space – could be a win-win all the way around…
[Via: Etisalat]