Zain Saudi ordered to pay rival Mobily 219.5 mln riyals
Mobily said it intends to initiate the necessary procedures to collect the award
Saudi Arabia’s No. 3 telecom operator Zain Saudi has been ordered to pay Etihad Etisalat (Mobily) 219.46 million riyals ($58.51 million) following an arbitration award, both companies said in bourse statements on Sunday.
Mobily said it intends to initiate the necessary procedures to collect the award. Zain Saudi said that it previously made provisions to cover the full amount awarded and that it would not have a negative financial impact on the company.
Orange Egypt signs 4G license deal worth $484 mlnKuwait’s Zain, China Telecom, Saudi Telecom and Lebara KSA have all expressed ... Technology
Egypt’s three mobile operators shun 4G licences - officialsZain, China Telecom , Saudi Telecom and Lebara KSA have all expressed an interest ... Technology
Kuwait’s Zain says Iraq regulator revives complaintIraq’s telecommunications regulator has revived a complaint against the local unit ... Telecoms
Saudi telecom takes controlling stake in Kuwait’s VIVAVIVA is Kuwait’s third mobile operator along with Zain and Qatar-held Ooredoo Telecoms