Dewa to lease dark fibre network to du

Dubai: Dubai Electricity and Water Authority (Dewa) yesterday said it has partnered with various government entities and business firms by entering into an agreement to lease out part of the dark fibre networks, owned by Dewa, to telecom operator du, to use it in communications, as per lease and right of use contracts.

Saeed Mohammad Al Tayer, managing director and chief executive of Dewa, has officially announced execution of the lease agreement of a part of the dark fibre networks owned by Dewa to du within a mutual partnership and understanding framework to serve the benefits of the two sides.

Al Tayer said such a partnership comes pursuant to the directions of His Highness Shaikh Mohammad Bin Rashid Al Maktoum, Vice-President and Prime Minister of the UAE and Ruler of Dubai, with regard to the collaboration of the efforts and integration between the various authorities, departments, companies and national business sector institutions, to push the economy and utility performance to the highest possible level of excellence.

Al Tayer pointed out that Dewa, within its strategy, has taken the approach of diversification of income through the best use of its resources and installations, to secure an excellent economical performance and high output, besides efficient utilisation, to maintain achievement of its strategic vision, which is a key part of Dubai's strategy.

Al Tayer said Dewa is looking forward for this agreement to be the springboard of cooperation with du in future, as they will extend all possible facilities to serve their mutual approach towards excellence in services and high class performance.

Access

Othman Sultan, CEO, du, said that as part of this landmark development, du will have uninterrupted access to installed and planned fibre optic networks of Dewa across Dubai, ensuring that the telecom service provider can respond effectively to demand and can continue introducing innovative new services to the market.

"This is a strategic partnership between two forward-thinking companies," noted Sultan.

"Securing access to Dewa's network is a landmark development for du. We already have a winning business proposition and a brand that's known for bringing forward the latest technologies and offering highly-customised telecom solutions to both individual and enterprising customers. This agreement means that our future growth will know no bounds."