Future Communications Co. International signs contracts

<b><font size="4">in value of $6.3 Million</b></font>

04/08/2009 00:00 AST

Future Communications Company Global (FCCG) announced Monday in a press release the successful signing of two major contracts between one of its subsidiaries and Huawei Technologies Co. -China-based telecom solutions provider in value of 6.3 million U.S. dollars in total, are stipulations for providing an array of telecommunication technology services.

In a statement released earlier today, Chief Executive Officer of FCCG, Salah Al-Awadhi, noted that the successful signing of the two contracts on July 15, 2009 by its subsidiary, Future Communications Company International (FCCI) was possible due to its vast experience and close network of professionals with telecommunications giants in the region.

Al-Awadhi elaborated on the details of the contracts stating that the first contract, valued at $4.7 million, stipulates that FCCI will manage and conduct the full turnkey civil work and telecom implementation for 68 sites for the third telecom service provider in Bahrain in the span of 12 months. The second contract he continued, valued at $1.6 million, stipulates that FCCI will conduct the radio network planning and optimization for the third telecom service provider in Bahrain for a period of 15 months.

Al-Awadhi concluded with the assertion that FCCG is keen on diversifying its sources of income in light of the recent international economic crisis. It will do so, he explained, by signing more contracts with telecom giants with regional presence rather than increasing sales targets in its subsidiaries.

Al Watan