Orange Business Services looks to Qatar for emerging markets opportunity
Orange Business Services is targeting telecommunications opportunities in the Middle East, launching a joint venture company in Qatar--its second in the region--to "qualify, design and build targeted projects" in the country.
The France Telecom-Orange subsidiary also launched a company in Saudi Arabia in 2012.
Sheikh Fahad Bin Ghanem [Al Abdul Rahman] Al Thani partnered with Orange Business as the majority shareholder in the new company, EGN LLC. An Orange release said the company is the first of its kind in the area "dedicated to large systems integration programs and operations."
Qatar is considered one of the fastest-growing economies in the MEA (Middle East and Africa) region and is looking to diversify its economy through investment in areas like ICT.
That outlook is a good match for Orange Business' future plans, which include a goal to generate €1 billion in revenues by 2015 via emerging markets.
"This new joint venture company is a very significant step that will support the development of world class ICT infrastructure in Qatar, and the broader economy, as a partner for the long term, bringing new technology and complex integration capability," said Sheikh Fahad in a corporate release. "This will help accelerate our progress towards achieving the economic vision laid out in the Qatar National Vision 2030, for the development of a competitive and diversified economy capable of creating and sustaining a high standard of living for all our citizens."
- see the release
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