Riyadh – Mubasher: The joint agreement between Saudi Telecom Company (STC) and Mobily is expected to generate SAR 15 billion, Abdul-Rahman Mazi, STC board member, told Al-Arabiya TV on Tuesday.
He added that the agreement is likely to have a positive impact on cutting costs and enhancing operating efficiency.
The agreement is applicable globally and is likely to witness the formation of a new independent company for the operation of telecom towers in the kingdom, Mazi noted.
STC signed a memorandum of understanding (MOU) with Mobily on Sunday to jointly explore options for extracting value from their owned telecommunications towers.
