Cisco Systems to supply Palestine Telecoms
Reuters
Date: 05-21-05
DEAD SEA, Jordan (Reuters) - Cisco Systems and Palestinian telecommunications firm PalTel said on Saturday that the U.S. internet networking company will help build telecoms infrastructure in the West Bank and Gaza.
Both companies signed a memorandum of understanding to cooperate at a short ceremony on the sidelines of a World Economic Forum meeting in Jordan.
Under the deal, Cisco, a world leader in networking for the internet, will provide PalTel with an advanced internet protocol-based infrastructire that would allow the Palestinian firm to expand both its fixed and mobile telephone lines.
Abdul Malik al-Jaber, chairman of PalTel's executive board, told Reuters he expected the deal was worth around $30 million to $40 million.
PalTel said in a statement that it was experiencing rapid growth in demand in the West bank and Gaza. Local telephone traffic has risen to 160 million minutes a day from 15 million in 1997, it said.
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