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FINANCIAL NEWS
Saudi Mobily wins USD160m communications contract in KAEC
07 Jul 2013
(MENAFN) Saudi telecoms operator Mobily has won a USD160 million contract from Emaar Economic City to set up, operate, and maintain communication networks within King Abdullah Economic City (KAEC), Arabian Business reported.
The eight-year contract, which is subject to extension, expected to generate revenues of about USD373.22 million, and the project will be funded through a combination of self-financing and banks finance.
The contract includes deploying a fibre-optic network for telecoms services including broadband internet, and providing a data centre and smart city services, such as IPTV, as well as Ethernet VPN (L2), IP VPN (L3) direct internet access (DIA), IP transit, Broad Band at Work, and Business Connect.
Mobily will also provide communications management services, which will reduce the time to install and manage telephone communications network for targeted companies in King Abdullah Economic City.
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