Mobily to buy 96% of Zajil
Saudi Arabia: Sunday, July 06 - 2008 at 09:30
Saudi Arabia's Etihad Etisalat (Mobily) said it will buy a local internet and data communication provider for $21.3m to generate more revenues from corporate clients, Reuters has reported. Mobily has won approval to buy 96% of Zajil International Telecommunications Co's capital. Earlier, it has agreed to buy local data provider Bayanat Al Oula for $400m.
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Medilyn Manibo, Assistant News EditorSunday, July 06 - 2008 at 09:30 UAE local time (GMT+4)
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