Nokia Siemens Signs Deal with Qatar's Qtel

Telecom equipment vendor Nokia Siemens Networks said Tuesday it has signed a framework agreement to provide infrastructure technology and services for Qatar-based communications group Qtel International. Under the agreement, "standard terms and volume-based discounted pricing" for network equipment will be available to companies of Qtel Group, Nokia Siemens said. It didn't disclose the value of the contract. The agreement is initially for one year, and can be extended for up to two more years, the company said. Nokia Siemens is a joint venture between Finland's Nokia Corp. (NOK) and Germany's Siemens AG (SI). – Wall Street Journal