Zain Saudi, Saudi Arabia's third biggest telecoms operator, said it has signed infrastructure supply contracts worth SR4.5 billion ($1.2 billion) to develop and expand its network.
The deal parties are Huawei, Nokia, NEC Corporation, Cisco Systems and Alcatel Lucent, Zain said in a statement on the Saudi bourse's website.
The operator said it would use its own financial resources to finance the deals.
(Reuters)
June 25
