Saudi Arabia’s Mobily has recruited three of the world’s biggest network equipment vendors to implement upgrades to its network over the next three years.
Ericsson, Huawei and Nokia will all contribute to the upgrade, although the exact nature of each vendor’s work has not been disclosed. Mobily – also known as Etihad Etisalat – is planning on investing SAR 2.4 billion (around $650 million) into the upgrade, and does not expect to require any fresh debt.
Mobily CEO Ahmed Aboudoma said: “This agreement comes in line with 2030 Kingdom Vision and its objectives that focus on developing telecom & IT sector. Moreover, it will allow Mobily to provide the best services to its customers that comply with its new strategy ‘RISE’ in which its objectives revolve around boosting up the level of provided services by using the latest telecom technologies.”
“Mobily’s current network has a competitive performance among the sector. 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.”