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RPT-CORRECTION-UPDATE 1-Saudi Telecom signs fibre optic broadband agreement
May 8, 2017 / 3:26 PM / in 5 months

RPT-CORRECTION-UPDATE 1-Saudi Telecom signs fibre optic broadband agreement

(Corrects to make clear STC’s share of the project is to connect 1.3 million housing units)

DUBAI, May 7 (Reuters) - Saudi Telecom Co (STC) said on Sunday it has signed an agreement with the government of Saudi Arabia to provide high-speed fibre optic broadband services.

STC’s share of the project will connect 1.3 million housing units with fibre optic lines, the company said in a bourse statement.

The project is scheduled to be completed by the end of 2020.

$1 = 3.7503 riyals Reporting by Alexander Cornwell; editing by Larry King and Jason Neely

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