"Bravo has been a tremendous success with the business segment in the Kingdom. We are keen to continue investing in Saudi Arabia's dynamic and fast-growing market, where the combination of sound governance, a clear regulatory regime and strong market demand create an environment where we believe investment in new market opportunities makes tremendous sense," said Ahmad Haleem, Chief Executive Officer for Wataniya International.
Bravo won a fifteen year contract to "Build, Operate, Transfer" only wireless push to talk service in the Kingdom and Wataniya International is the manager of that operation.
Bravo was launched in July 2005.
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Wataniya increases Saudi stake
- Saudi Arabia: Wednesday, January 10 - 2007 at 17:00
- PRESS RELEASE
Wataniya International, the regional mobile network operator, today announced that it has increased its investment in Saudi Arabia's telecommunications market, increasing its share in Bravo, the Kingdom's only provider of Push to Talk wireless communication solutions, to 47%.
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About Wataniya Telecom:Commercially launched in December 1999, Wataniya Telecom is part of Kuwait Projects Company (KIPCO), and has been a driving force in increasing the mobile communications market in Kuwait to more than 90 per cent of the population. Wataniya Telecom is actively expanding its presence in the region serving more than 8.8 million customers in countries with a combined total population exceeding 92 million. For more information, please visit www.wataniyatelecom.com
About Wataniya International:
Wataniya International is responsible for leading the pursuit of global expansion opportunities, as well as leveraging technical, financial and commercial synergies within the Wataniya Telecom group of mobile operations.
About PTC / Bravo:
Public Telecommunications Company Ltd. (PTC) is a GCC corporation based in Riyadh, KSA, with a paid-up capital of 200 million Saudi riyals. "PTC" has been granted a license from Saudi Telecom Company (STC), under a Build-Operate-Transfer (BOT) agreement. Under the "Bravo" name, "PTC" launched its services in mid 2005 as the sole licensed provider by "STC" for wireless communications using iDEN technology in the Kingdom. For more information, please visit www.ptc.com.sa
Posted by Janeta Novakovic, Assistant News EditorWednesday, January 10 - 2007 at 17:00 UAE local time (GMT+4)
Replication or redistribution in whole or in part is expressly prohibited without the prior written consent of AME Info FZ LLC / Emap Limited.
This article was updated on Sat Jan 13 2007.
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