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...