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BRIEF-Zain Saudi acquires additional spectrum
June 7, 2017 / 12:44 PM / 6 months ago

BRIEF-Zain Saudi acquires additional spectrum

June 7 (Reuters) - Mobile Telecommunications Company Saudi Arabia:

* Secures 10MHz of 1800MHz spectrum at a total cost of 844 million riyals

* Amount to be paid in annual payments, first payment of 30 percent will be paid in 2017, remaining as annual payments of 7 percent over 10 year period

* Expects acquired new spectrum will increase Zain LTE network capacity by 50 percent Source text for Eikon: Further company coverage:

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