Italian vendor and systems integrator Italtel has signed a memorandum of understanding (MoU) with Telecommunication Company of Iran (TCI) to develop and modernise TCI’s telecom network. The exact services covered under the MoU have not been disclosed, although in its press release Italtel highlights its credentials in the fields of Network Functions Virtualization (NFV), managed services and all-IP communication solutions. Italtel CEO Stefano Pileri said: ‘The MoU signed today represents a fundamental step forward in the cooperation between Italy and Iran and we are proud to be part of this important project. Telecommunications and ICT represent an accelerator for the development of many other areas and the economy in general.’