Mobily’s Bayanat deal sealed

18 Mar 2008

Saudi cellular operator Mobily’s SAR1.5 billion (USD400 million) acquisition of local broadband operator Bayanat Al-Oula has been approved by the country’s Communications and Information Technology Commission (CITC). Bayanat has rolled out WiMAX wireless broadband network in major cities and has a one-third stake in a 12,000km national fibre-optic backbone network.

Saudi Arabia, Bayanat Al-Oula, Mobily (Etihad Etisalat)