Middle East Economic Survey
VOL. XLVII
No 33
16-August-2004
TELECOMS
UAEs Etisalat Wins Second Saudi Mobile License, Plans $1Bn Investment
The Saudi cabinet on 9 August awarded the second mobile telephone license to offer GSM services in the kingdom to a consortium led by the UAEs Etisalat the Etisalat Consortium Company after it made the highest bid of SR12.21bn ($3.26bn). Etisalat was also awarded a license to establish and operate a third generation 3G mobile phone network for which it bid...
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