Saudi Arabia's Etihad Atheeb has sold land and property in the capital Riyadh for 160 million riyals ($42.7 million), the fixed line telecommunications operator said on Monday.
Loss-making Atheeb, which uses the brand name Go,
Saudi Arabia's Etihad Atheeb said on Thursday it had signed a deal to use Saudi Telecom Company's (STC) fibre network, days after the landline operator scrapped a similar agreement with Mobily.
The so-called Indefeasible R
Saudi Arabia mobile operator Mobily will cut its second-quarter profit by SR338.7 million ($90.3 million) after fixed-line rival Etihad Atheeb scrapped a deal between the two companies, it said on Monday.
Saudi Arabia's Etihad Etisalat (Mobily) has ended talks over buying a stake in fixed line operator Etihad Atheeb Telecommunications, said the mobile firm.
Mobily, Saudi's second-biggest telecoms operator by subscribers, ha
Saudi Arabia's second-biggest telecoms operator, Mobily, has extended talks with four shareholders in Etihad Atheeb until January 30 as it seeks to buy their stakes in the loss-making fixed-line operator.
If completed, it woul
A unit of Saudi Arabia's No.2 mobile firm Etihad Etisalat (Mobily) has signed a memorandum of understanding with four shareholders in Etihad Atheeb to buy a controlling interest in the loss-making fixed line operator.
Saudi Arabia's Etihad Atheeb Telecom has received regulatory approval to launch a 1.175 billion riyals ($310 million) capital increase, paving the way for the loss-making firm to resume trading on the kingdom's bourse.
Atheeb, 15-percent o
Saudi Arabia-based Etihad Atheeb Telecom plans to raise its capital threefold to SR1.575 billion ($420 million) through a rights issue after cutting it by more than half to cover accumulated losses, the firm said in statements.