Low-spectrum allocation costs Mobily more than SAR1bn a year in additional capex
Mobily [7020.SE] incurs more than SAR1bn of additional capex each year to compensate for its low-spectrum allocation, according to Akeel Al Akeel, President of Regulatory Affairs at Mobily. Al Aqeel stated that the company has low spectrum allocation compared to Saudi Telecom Company (STC) [7010.SE] and Zain KSA [7030.SE], especially in the 1800 Mhz band. This leads to an additional capex of cSAR1bn/annum as the company compensates the low-spectrum allocation with more base transceiver stations. (Al Sharq Al Awsat) Saudi Telecom Company: SAR63.95 as of 28 June 2016, Rating: Buy, FV: SAR79.00 per share, MCap: USD34,107 million, STC AB / 7010.SE
This website uses cookies to make the site work, to understand if the site is working well, how it is being used, to connect to social media sites (such as Facebook and Twitter) and to collect information useful to allow us and our partners to provide you with more relevant ads . Some cookies are essential to make the site work, but you can control how we use non-essential cookies at any time by clicking the “ON/OFF” button next to each category. For more information about the cookies used on this site, see Privacy Policy.
Decide which cookies you want to allow.
Strictly Necessary
These cookies are essential in order to enable you to move around our website and use its features, such as accessing secure areas of our website. Without these cookies, any services on our Site you wish to access cannot be provided.
Analytical/performance cookies
Visitors use our website, for instance which pages you go to most often, and if you get error messages from web pages.