Telecom operator Zain Saudi reported a narrowing second-quarter loss on Wednesday, beating analyst forecasts as its operational performance improved.
The company has yet to make a quarterly profit since launching services in 2008
Zain Saudi will appeal an order from Saudi Arabia's Department of Zakat and Income Tax for extra payments worth SR619 million ($165.1 million) for the years 2009-2011, the kingdom's number three telecommunications operator said.
Zain Saudi Arabia, a leading telecommunications provider in Saudi Arabia, and global ICT solutions provider, Huawei, have launched the first commercial LTE-Advanced Carrier Aggregation in two frequency bands (Band 1 and Band 3) network in the wo
Saudi Arabia's second-biggest telecom operator Mobily has asked for arbitration about money it claims it is owed by smaller rival Zain Saudi , Mobily said on Tuesday.
Mobily in 2008 signed an agreement with Zain Saudi, an affi
Zain Saudi, a the leading telecom in the country, and Huawei, a leading global ICT solutions provider, signed an agreement aiming to further advance Zain’s network infrastructure, managed services, and applications in Saudi Arabia.
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, NE
Zain Saudi, Saudi Arabia's third biggest telecoms operator, will buy fixed line capacity from its competitors to expand its service offering in the kingdom and aims to break even in less than five years, it said on Wednesday.
Telecom operator Zain Saudi reported a widening fourth-quarter loss on Monday, missing analyst expectations.
Saudi Arabia's No.3 mobile company, 37-percent owned by Kuwait's Zain, made a net loss of 462 million riyals ($12
Zain Saudi, the third-largest telecoms operator in Saudi Arabia, has reported a narrowing loss for the third quarter on Sunday, missing analysts' forecasts, as its customer base rose by nearly a quarter.
It said in a bourse st
Loss-making telecom operator Zain Saudi has reached an agreement to extend the outstanding $2.3 billion on an Islamic loan facility by five years, the company said in a bourse statement on Monday.
Zain Saudi, 37-percent owned by K