Saudi Zain signs $1.2bn supply deals to upgrade network

June 25, 2014 - 12:41:24 pm

DUBAI: Zain Saudi, Saudi Arabia's third biggest telecoms operator, said on Wednesday it has signed infrastructure supply contracts worth 4.5 billion riyals ($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. (Reuters)