GO Telecom secures 700MHz, 1800MHz frequencies

12 Jun 2017

Etihad Atheeb (GO Telecom) has been awarded spectrum in the 700MHz and 1800MHz bands by telecoms regulator the Communications and IT Commission (CITC). The company secured 2×10MHz in the 700MHz band, in addition to a paired 10MHz block in the 1800MHz band, for SAR2.065 billion (USD550 million). The spectrum concession is valid for 15 years, effective 1 January 2018. The company must pay 30% of the licence fee by the end of 2017, with the remainder to be paid in equal instalments (7% of the total each, with the first instalment due in 2019) over ten years.