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Mobily buys local data provider
- Saudi Arabia: Thursday, September 20 - 2007 at 07:52
Saudi mobile phone operator Etihad Etisalat (Mobily) has signed a deal to buy 99.9% of local data provider Bayanat al-Oula for $400m, reported Reuters. Bayanat is one of two firms licensed to deploy a WiMax wireless network in the kingdom. WiMax allows anyone with a WiMax enabled laptop or media device to download songs and movies over distances of up to 50 km.
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Jeff Florian, Senior ReporterThursday, September 20 - 2007 at 07:52 UAE local time (GMT+4)
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