Wed, 2020-01-15 00:59
LONDON: Saudi Arabia is opening up its telecom sector to further competition with plans to award licenses to foreign mobile virtual network operators.
The Communication and Information Technology Commission (CITC) made the disclosure on Tuesday. It is part of a broader plan to accelerate the ICT sector’s growth by 50 percent in the Kingdom and increase its contribution to GDP by $13.3 billion.
The move will create more competition for industry incumbents Saudi Telecommunications Company, Mobily and Zain.
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