Axiom Telecom, MENAFN launch joint venture in UAE

Published May 16th, 2005 - 06:56 GMT
Al Bawaba
Al Bawaba

Axiom Telecom and MENAFN announced the launch of a
joint venture intended to provide mobile subscribers in the United Arab
Emirates with wireless financial content in both pull and push format.

'AxiomPlus is the mobile value added services portal of Axiom Telecom.
'Mobile phones technology today is more than making phone calls, with new
capabilities and utilities added everyday there is so much more to do said
N. Al Bannai, Manager of AxiomPlus. Axiom Telecom introduced AxiomPlus to
fully utilize new technologies by offering a wide range of services that
include fun wallpapers, java games, video clips, Daily jokes & quotes, true
tunes, live football and cricket score notification, and last but not least
our addition of live financial news with MENAFN,' she added.

'MENAFN Mobile provides financial content that is reliable, comprehensive,
up-to-date, and cost effective,' said Zaid Aloul, VP Business Development at
MENAFN. 'Thousands of mobile subscribers across a number of key countries
use our MENAFN Mobile services. Our partnership with Axiom Telecom will
provide a solid platform for market entry into a strong and vibrant market
such as the UAE,' he added.

With this venture Axiomplus will deliver both push and pull, financial and
non financial content that is both in Arabic and English. Mobile subscribers
in the UAE will be able to access real-time financial data that includes
live currency exchange rates, live commodity rates, stock prices and
indices, among others.

The Middle East North Africa Financial Network, Inc. (www.menafn.com ) is
the leading provider of online and wireless financial content and financial
technology platforms to leading institutions and consumers around the Arab
world. Services offered to mobile subscribers in Bahrain, Jordan, Lebanon
and others.

Axiom Telecom, established by Faisal Al Bannai in 1997, is today the
leading, authorized distributor in the UAE for international brands such as
Nokia, Sony Ericsson, Motorola, Thuraya, Compaq, I-mate, Simpletech, Garmin
GPS and Palm. Axiom specializes in mobile handset and wireless communication
products and boasts of 103 outlets throughout the UAE. Axiom Telecom has
entered the Saudi market and already has over 60 outlets and growing
rapidly.

 

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