Saudi -Mobily wins frequencies of 2.5 billion Riyals to support 5G services

The Saudi -Mobily Mobily (Mobily) has announced that it has obtained a license to use frequencies of 120 MHz for 15 years, compared to 2.485 billion Riyals, supporting the fifth generation services (5G), which increases the returns of the Kingdom of the auction auction to about 3.1 billion Riyals. The new frequencies will enable ‘Mobily’ to cover wide geographical spaces with high service quality, in addition to providing advanced fifth generation services and the ability to provide high speeds to customers of individuals and institutions, according to the announcement of the company published on the Saudi Stock Market website. The auction in which ‘Mobily’ obtained the new frequencies was not limited, but also obtained ‘Zain Saudi Arabia’ and ‘Saudi telecommunications’ (STC) on new frequencies, according to a statement issued by the Saudi communication, space and technology, which indicated that the auction will stimulate by the local product by the local product by Competitiveness in services mobile communications, and publishes innovative quality communication services. Saudi Zain announced yesterday that it has a new license to use a frequency area of ​​624 million Riyals for a 15 -year period to provide the services of the fifth generation, while the Saudi Telomfirmy (STC) has not yet announced the cost of frequencies.