Zain KSA [7030.SE] signed an agreement with Saudi Arabia’s Ministry of Communications and Information Technology to provide 4G broadband services to 28 governorates, in Mekkah, Sharqiya, Riyadh and Asir regions, TeleGeography quotes Saudi Press Agency reports as saying. This agreement entails that c800,000 persons in c3,900 underserved villages will benefit from 4G broadband access.
Zain KSA: SAR7.27 as of 11 Dec. 2017, Rating: Neutral, TP: SAR6.56/share, MCap: USD1,132mn, ZAINKSA AB/7030.SE