Fastlink ready to invest $130 million in ASEZ

Published June 3rd, 2001 - 02:00 GMT

Jordan's mobile pioneer, Fastlink, stated that it is ready to invest some $130 million in the Aqaba Special Economic Zone (ASEZ) to establish, among other projects, a wireless local loop (WLL), reported the Jordan Times newspaper on Sunday, June 3. The ASEZ was officially launched by King Abdullah last month. 

 

The WLL is a technology that has successfully allowed the deployment of millions of voice and data lines at reduced costs in countries like Australia and Morocco. “We look at Aqaba as a model to be applied to the rest of the country,” Fastlink's deputy general manager, Basem Rousan, told the paper.  

 

Fastlink may also consider establishing a call center and a regional training center within the ASEZ, which will operate on behalf of its mother corporation, Orascom Telecom of Egypt.  

 

Orascom Telecom originally owned 65 percent of Fastlink. In January 2001 the Egyptian firm purchased from Motorola its 26.1 percent stake in Fastlink, securing a controlling interest of 91.6 percent in the Jordanian GSM operation. 

 

Orascom Telecom currently owns 19 cellular operators in the Middle East and Africa, making it the largest GSM network operator in the region in terms of the number of licenses. 

 

Fastlink was Jordan’s first mobile operator, established in 1995. A second mobile company, Mobilcom, entered the market in September 2000, operating as Jordan Telecom’s GSM service provider. ― (MENA Report)

© 2001 Mena Report (www.menareport.com)


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