Saudi fixed-line operator Etihad Atheeb Telecom (Go) has inked an indefeasible rights of use (IRU) agreement with incumbent Saudi Telecom (STC) to use ports on its fibre network.
The pact comes just a few days after Go cancelled a deal to sell a 20%…
Saudi fixed-line operator Etihad Atheeb Telecom (Go) has inked an indefeasible rights of use (IRU) agreement with incumbent Saudi Telecom (STC) to use ports on its fibre network.
The pact comes just a few days after Go cancelled a deal to sell a 20% stake in itself to local mobile operator Mobily. The two companies also scrapped an existing network sharing agreement between them.
Under the new pact signed with STC, Go will use 30,000 ports on its partner’s fibre network. It also has the right to buy up 100,000 ports, according to a stock exchange announcement.
The fixed-line telco said it will use the ports to provide broadband internet and fixed voice services to both residential and small businesses.
Shortly after the Go announcement today, the Saudi market regulator decided to suspend trading in the company after it failed to provide sufficient details about the network sharing deal.
