Zain Saudi inks $1.2bn deal to develop network

Telco says deal parties are Huawei, Nokia, NEC Corporation, Cisco Systems and Alcatel Lucent
Zain Saudi inks $1.2bn deal to develop network
By Reuters
Wed 25 Jun 2014 02:59 PM

Zain Saudi, Saudi Arabia's third biggest telecoms operator, said on Wednesday it has signed infrastructure supply contracts worth SR4.5 billion ($1.2 billion) to develop and expand its network.

The deal parties are Huawei, Nokia, NEC Corporation, Cisco Systems and Alcatel Lucent, Zain said in a statement on the Saudi bourse's website.

The operator said it would use its own financial resources to finance the deals.

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