Zain KSA signs supply contracts worth $1.2 billion
Zain Saudi Arabia (KSA) is set to upgrade its network after signing infrastructure supply contracts worth $1.2 billion.
The company – Saudi Arabia’s third-largest operator – has reportedly signed agreements with numerous vendors for the upgrade, including Huawei, Nokia, NEC Corporation, Cisco Systems and Alcatel-Lucent.
It will use its own resources to finance the deal. Zain KSA is expected to now develop solutions across its mobile network to cater to growing demand across the Kingdom.
Saudi Arabia is opening up the market to more players and recently awarded an MVNO licence to UK-based Virgin Mobile Middle East and Africa.