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Khaled Al Kaf, the chief executive officer of Etisalat’s mobile unit in Saudi
Arabia, Mobily, has said that the operator will spend more than US$1 billion on
wireless broadband in the next threefour years. This will be one of the key
milestones”.
Significance: Mobily signed a memorandum of understanding in September 2007 to
acquire Bayanat Al Oula for network services for 1.5 billion Saudi riyals
(US$400 million) in a bid to build up its capacity in providing domestic data
and online services. WiMAX is a muchneeded technology that will provide voice
and data services to many of the countrys remote regions. Fixedline
penetration in the country is among the lowest in the Middle East at 15.7%, and
internet penetration stands at 14.2%.
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Source: http://www.communicationsdirectnews.com/do.php/110/27864
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