Saudi Zain to roll out 5G internet services in Q3 – CEO

Riyadh – Mubasher: Mobile Telecommunication Company Saudi Arabia (Zain) is expected to introduce fifth generation (5G) internet services in the kingdom by the third quarter of 2019, the CEO of the Saudi telecoms provider said.

Zain finished testing 5G services in more than seven cities, and the commercial operation of the service will be in the third quarter of this year, Sultan Al Deghaither added.

On Wednesday, Zain reported turning a profit during the first quarter of 2019 after posting SAR 129 million, against suffering a loss of SAR 77 million in Q1-18.

In March, Zain inked a SAR 2.52 billion contract with IHS Holding for the sale and leaseback of 8,100 towers. 

Mubasher Contribution Time: 18-Apr-2019 06:47 (GMT)
Mubasher Last Update Time: 18-Apr-2019 06:55 (GMT)