Transaction creates unparalleled ICT, R&D services across Middle East and Africa. ITS and Huawei, a leading global information and communications technology solutions provider, today announced Huawei’s purchase of ITS’ Business Support System (BSS) division. The combination of capabilities and experience from the two firms will create a one-stop shop with world-class, customized ICT solutions for customers in the Middle East and Africa.
“This is an excellent outcome for our 900 employees and also for our loyal customers,” said Khaled Al Saeid, Managing Director & General Manager ITS. ”But as we think about our expanded capabilities, one thing won’t change: our focus on servicing customers. This integration with Huawei will enable us to provide our customers with an unparalleled depth and breadth of expertise, scale and value.”
Subject to the required regulatory approvals from competent authorities, the transaction is expected to close in October, 2011.