Algeria’s SNTF teams up with Kapsch
Published: Wed, 2015-04-08 12:38In a bid to strengthen railway telecommunications, Algerian railways operator SNTF has signed a contract with Kapsch CarrierCom to set up joint venture company Rail-Telecom.
“The Maghreb region and many parts of the Middle East have developed into an important target market for us in recent years, and will offer enormous potential for our sector in the future too. The knowledge generated from the joint venture between Kapsch and SNTF will support Algeria’s railway infrastructure project,” said, Kari Kapsch, CEO, Kapsch CarrierCom.
SNTF will own 51 percent stake in Rail-Telecom while the rest will be owned by Kapsch CarrierCom.