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
Loss-making telecom operator Zain Saudi has gained more time - until July 31 - to repay a $2.4 billion Islamic loan due on Wednesday, the company said in a bourse statement.
Zain Saudi, 37-per cent owned by Kuwait's Zain, said
Indebted telecoms operator Zain Saudi has received government approval to defer licence fee payments totalling $1.49 billion over seven years, sending its shares on Monday to an eight-month high.
The rescheduled payment will be tr
Indebted telecom operator Zain Saudi said it has narrowed its losses in the first quarter to SR398 million ($106.13 million) from SR420 million in the year-ago period.
Saudi Arabia's No.3 mobile company, an affiliate of Kuwait