News Column

Saudi Zain signs telecom infrastructure supply contracts worth SAR 4.5 bln

June 25, 2014

Saudi Mobile Telecommunications Co. (Saudi Zain) said in a bourse

statement that it signed telecommunications infrastructure supply

contracts at a total value of SAR 4.5 billion, as follows:

1. Details of the deal: A turnkey project to be delivered over three years,

providing Zain with a state of the art modern network to cope with the

ever growing demand of data communication.

2. Significant conditions to the deal: Timely delivery of project components

with quality, according to the agreed schedules over three phases.

3. The deal parties: Huawei, Nokia, NEC Corporation, Cisco Systems

International, Alcatel Lucent and Zain.

4. Method of financing the deal: Using the company's own financial resources.

5. Details of main asset operations: The latest 4G/LTE and mobile broadband

infrastructure including radio access, transmission, core network, IP

backbone and Internet gateway equipment. The purchased assets will enhance

and expand Zain current network in terms of coverage and capacity for

voice and data services.

6. Deal reasons: To enhance the competitiveness of Zain network, providing

Zain customers with a superior customer experience in a more cost

effective way.

7. Expected impact on the company operations: Network coverage will increase

to 96%, the network capacity and performance will be significantly

improved. Zain will be able to capture more traffic, generate more

revenues and optimize costs.

It is worth mentioning that this agreement will start from June 25, 2014 and

will be in effect for three years, and the company management expects the

financial impact to start during third quarter of 2014.;

All Rights Reserved - Mubasher Info

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Source: Mubasher (Saudi Arabia)

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