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FINANCIAL NEWS
Kuwait- Viva inks $270m deal with Huawei
10 May 2010
(MENAFN) Kuwait’s third telecoms operator Viva, an affiliate of Saudi Telecom Co, said that it has signed a $270 million financing deal with China’s Huawei Technologies, Kuna reported.
The five-year deal will be used to finance the firm’s network expansion, Viva said in a statement issued in Kuwait.
Viva, which was launched in 2008, competes with Zain and National Mobile Telecommunications Co (Wataniya), a unit of Qatar Telecommunications Co.
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