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INFRASTRUCTURE CONTRACTS

Saudi Zain signs $1.2bn supply deals to upgrade network

Riyadh, June 25, 2014

Zain Saudi, the third biggest telecoms operator in the kingdom, said on Wednesday it has signed infrastructure supply contracts worth SR4.5 billion ($1.2 billion) to develop and expand its network.

The deal parties are Huawei, Nokia, NEC Corporation, Cisco Systems and Alcatel Lucent, Zain said in a statement on the Saudi bourse's website.

The operator said it would use its own financial resources to finance the deals.-Reuters




Tags: Mobile | Telecom | Infrastructure | zain saudi |

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