Thuraya sets up joint venture in Sudan

Thuraya Satellite Telecommunications Co of the United Arab Emirates (UAE) and national operator Sudan Telecom have announced the setting up of joint venture company in Khartoum.

    The joint venture has been set up in Khartoum

    The 80-20 venture called Thuraya-Sudatel, with an initial capital of $2.5 million, will act as Thuraya's service provider in Sudan, seen as a fast growing market. 

    "This is a significant decision for Thuraya in recognition of Sudan as a priority market," said Thuraya chairman Muhammad Umran after signing the agreement in Dubai on Wednesday with Sudatel General Manager Abd al-Aziz Usman. 

    "We are targeting revenues of $30 million at the end of five years in Sudan, a fast growing market," Umran added. 

    Abd al-Aziz Usman said: "Thuraya has been a leader in its field and we hope to benefit from their pioneering edge. This new company has the right components to ensure its success in helping to build the telecoms infrastructure in Sudan." 

    Thuraya, established in 1997 by UAE state telecom monopoly
    Etisalat, Abu Dhabi Investment Company, Arabsat and Qatar's Qtel, has sold more than 200,000 mobile handsets and had over 185,000 direct users at the end of 2003.

    SOURCE: AFP


    YOU MIGHT ALSO LIKE

    Visualising every Saudi coalition air raid on Yemen

    Visualising every Saudi coalition air raid on Yemen

    Since March 2015, Saudi Arabia and a coalition of Arab states have launched more than 19,278 air raids across Yemen.

    Lost childhoods: Nigeria's fear of 'witchcraft' ruins young lives

    Lost childhoods: Nigeria's fear of 'witchcraft' ruins young lives

    Many Pentecostal churches in the Niger Delta offer to deliver people from witchcraft and possession - albeit for a fee.

    Why did Bush go to war in Iraq?

    Why did Bush go to war in Iraq?

    No, it wasn't because of WMDs, democracy or Iraqi oil. The real reason is much more sinister than that.