Saudi Arabian operator Mobily is planning to invest a minimum of US$1bn over the next five years as it aims to oust STC as the country’s leading mobile voice provider.
Khalid Al-Kaf, CEO of the Etisalat-owned company, reportedly told Reuters that the…
Saudi Arabian operator Mobily is planning to invest a minimum of US$1bn over the next five years as it aims to oust STC as the country’s leading mobile voice provider.
Khalid Al-Kaf, CEO of the Etisalat-owned company, reportedly told Reuters that the US$1bn capex figure was ‘a very moderate estimate’.
As part of its five-year plan Mobily is also targeting almost four times the broadband customers that it currently has.
Earlier this year Etisalat said that it was planning to increase its existing 27.5% stake in Mobily without specifying any details.
According to The Mobile World, Mobily has around 15 million active mobile customers and a market share of around 39%.
