France Telecom stake in Bahrain

Jordan Telecom Group, a subsidiary of France Telecom, has acquired a majority stake in Lightspeed Communications, Bahrain 's first alternative fixed-line telecommunications operator.

Lightspeed Communications offers value-added services for residential and business customers. Since 2003, it has received four licenses from Bahrain's Telecommunications Regulatory Authority (TRA) and was the first operator to launch Double Play offers in Bahrain as well as the first in the Gulf to introduce video phones and value-added video services, such as Video-on-Demand and video content distribution services. Lightspeed's innovative secure iVault data centre service enables government and financial organisations to host their mission-critical systems in Lightspeed's state-of-the-art data centre.

The new agreement will enable Lightspeed to extend its business into new markets. Before the end of summer 2007 it is planned to launch Triple Play services in Bahrain. Commenting on the deal, Marc Rennard, France Telecom's Executive Director for International Business, Africa, the Middle East and Asia said "Thanks to this new partnership with Lightspeed Communications, Jordan Telecom Group, our subsidiary in Jordan, will be able to position itself in new highly promising and highly profitable markets, making all of the France Telecom Group's know-how available to its new clients, with their enthusiasm for new technologies".

About Jordan Telecom Group

Jordan Telecom was established in 1971 under the name "Telecommunications Corporation," which was totally owned by the Jordanian government.  In 1997 the corporation was privatized and became known as the Telecommunications Company, providing fixed line services.  In 2000, France Telecom became a strategic partner and gradually increased its share in the company until it acquired 51% of shares to become the majority shareholder. In 2006 Jordan Telecom, the fixed retail business unit, MobileCom the mobile business unit, Wanadoo the internet and data business unit, eDimensions the content business unit and the wholesale business unit were integrated into JTG. The Group now serves 2.3 million subscribers with innovative communication technologies, at affordable prices, and world-class service.

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