Air transport communication and information technology solutions provider SITA and Orange Business Services, a unit of France Telecom (FTE) Wednesday announced a seven-year agreement worth approximately US$ 2 billion to extend partnership for services to airline industry.
According to SITA, the new agreement will ensure competitive solutions and quality of service in air transport communication industry. Further, the deal will promote joint innovation and accelerate business development in enhanced communication services and real-time business services.
Francesco Violante, chief executive officer of SITA, said "Our extended partnership with Orange Business Services secures and enhances SITA's ability to deliver continued improvements and exceptional service levels for our communication solutions in over 220 countries and territories, supporting more than 1,800 customers."
Orange Business Services looks ahead to provide real-time business and Machine-to-Machine services to SITA along with traditional network and convergence services.
FTE is currently traded at $26.92 down $0.30 or 1.10% on a volume of 0.173 million shares on the NYSE.
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