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Reading in the partnership of PALTEL and ZAIN

2009-02-17
By: Economic Editor – Al-Ayyam Newspaper

So far, the deal of ZAIN entrance as a strategic partner in the Palestinian Telecommunications Company"s details were not disclosed, but a signal had been referred in the statement of Mr. Saad Al Barrak the vice Chairman of the Board of Directors of the Kuwaiti company that had been published yesterday, it appears that the deal will be a merger between PALTEL and ZAIN Jordan that is owned by %96.5 from Kuwaiti ZAIN. Whatever the form of the transaction, the first issue is that the Palestinian market in spite of all the complexities and political risk, has proved to be able to attract Arab capital to invest in Palestine, and this is a confidence and a certificate of merit in a difficult moment, that everyone can read its political and economic meaning, and the Authority should be proud of. Also the deal meant that the Palestinian telecommunications sector, which has over the years accomplished an outstanding performance at the regional level by bearing technical developments to provide better service to the subscribers in spite of common obstacles and Israeli restrictions, is on the verge of a substantial change in its relationship with the regional and international telecommunications sector, which is nearly a decade of an amazing developments. Since the beginning of talks on the possible deal that had been leaked almost three months ago, which was officially confirmed in the last December 27, there is a controversy over the extent of the interest that will accrue to the citizens and the Palestinian economy, and it seemed clear and definitive that the account balance tends to trend positively and supported by facts and figures.
This automatically means a consolidation of the networks in both Palestine and Jordan, and the bulk of the international communications of both countries are one toward the other direction, and by consolidation networks we expect that the calls between the two countries will be through the unified network local call, and this is a decisive reduction of the cost.