Mobily signs five-year technical service agreement with Etisalat to capture synergies
Mobily [7020.SE] signed a five-year technical service and support agreement (TSSA) with Etisalat Group [ETEL.AD]. The agreement will allow Mobily access to Etisalat Group’s experience and resources to drive operational efficiencies. The agreement is subject to the approval of the General Assembly of Mobily. (Company disclosure) Etisalat (AD): AED18.35 as of 27 Feb. 2017, Rating: Neutral, TP: AED18.63/share, MCap: USD43,484mn, ETISALAT UH/ETEL.AD Mobily: SAR21.37 as of 27 Feb. 2017, Rating: Neutral, TP: SAR24.53/share, MCap: USD4,388mn, EEC AB/7020.SE
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