ITC embarks on USD930m broadband project

11 Aug 2017

Saudi Arabia’s Integrated Telecom Company (ITC) has started work on a project to build a high-speed fibre network across the country. Under the SAR3.5 billion (USD930 million) contract signed with the Ministry of Communications and Information Technology (MCIT), the company will deploy high-speed broadband services to 640,000 homes. ITC’s CEO Ghassan Itani said: ‘This agreement will improve the level of services provided to customers in all sectors … This agreement comes within the framework of the continuous support and participation of ITC to the directives of the MCIT and CITC, and continuing on the company commitment to utilise all its financial, technical and human capabilities to achieve all the strategic objectives of the National Transition Programme 2020 initiatives, within Saudi Vision 2030.’

TeleGeography notes that ITC signed the initial agreement with the MCIT and the country’s Communications and Information Technology Commission (CITC) in May 2017.