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Mobily Signs $640m Deal with Nokia, Huawei, Ericsson for Mobile Network Expansion

Clock 1 month ago
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Mobily Signs $640m Deal with Nokia, Huawei, Ericsson for Mobile Network Expansion Image Credit: Mobily

Etihad Etisalat (Mobily), the second largest mobile operator in Saudi Arabia has signed an agreement worth $640 million to further develop its mobile network with Nokia, Huawei, Ericsson.

Mobily said that the agreement will have a positive impact on the company’s financial statements, as will contribute in enhancing the company’s future capital efficiency and network-related operational expenses.

In January, Mobily signed a $2.11B refinancing facility with a group of banks to refinance a significant part of Mobily's debt. More recently, the company in partnership with Mobily completed a License Assisted Access (LAA) technology trial on its live network. The solution will be initially deployed in the densely populated capital city Riyadh and other major cities in the Kingdom.

Ahmed Aboudoma, CEO, Mobily
Mobily’s current network has a competitive performance among the sector, whereas; the new agreement will contribute in raising network performance significantly to allow Mobily customers enjoy unprecedented services. The agreement discussions lasted more than 6 months to ensure adding plans comply with Telecom technology rapid developments, in addition to adapting future technologies within an efficient contractual framework.

Ray is a news editor at The Fast Mode, bringing with him more than 10 years of experience in the wireless industry.

Ray can be reached at ray.sharma(at)thefastmode.com.

 

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