Zain SA acquires 5G spectrum in the 3500MHz band

18 Mar 2019

Zain Saudi Arabia has acquired 100MHz of spectrum in the 3500MHz band at a total value of SAR624 million (USD166 million), to be paid in equal instalments starting from 1 January 2022. The frequencies (with 15-year validity) will be available for 5G use from 1 January 2020, with Zain saying that it will finance the acquisition of the new spectrum via its operational cash flows and current cash reserves. Following the award, the company’s total spectrum holding will include frequencies in the 800MHz, 900MHz, 1800MHz, 2100MHz, 2600MHz and 3500MHz bands.

Saudi Arabia, Zain Saudi Arabia