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STC and Zain SA Sign MOU to Deliver Fiber Optic Broadband Services.

Wednesday 26 December 2018

STC and Zain SA Sign MOU to Deliver Fiber Optic Broadband Services.

Expanding Broadband Services across the Kingdom.

STC and Zain SA have signed a Memorandum of Understanding for the delivery of Fiber Optic Broadband Services to households. Under this MoU, Zain SA will benefit from the potential of STC infrastructure capabilities to deploy Broadband Services in the Telecommunications and Information Technology field. This MoU was signed by Eng. Nasser Sulaiman Al-Nasser, Chief Executive Officer of Saudi Telecom Group, and Eng. Sultan AbdulAziz Al-Deghaither, Chief Executive Officer of Zain SA.

Eng. Nasser Al-Nasser noted the importance of signing said Memorandum with Zain SA, which was brought about within the Broadband Service deployment initiatives under NTP 2020, as well as Vision 2030. The aforementioned Program will also contribute to an increase in the number of Broadband customers, especially since STC has the largest Fiber Optic Network to its name, and is also one of the most advanced and fastest growing networks in the region. Plus, it did mark significant progress in the Fiber Optic Deployment projects implemented by the company, with the support of the Ministry of Communications and Information Technology. Eng. Nasser Al-Nasser went on to impress upon the leading value of the company in playing its pivotal role to achieve the objectives of Vision 2030.

For his part, Eng. Sultan Al-Deghaither clarified that “The Memorandum comes within the cooperation framework with STC to promote one of the most important National Transformation Program Initiatives.  It will positively contribute to the deployment of Broadband Services in various regions and cities across the Kingdom.” Al-Deghaither went on to point out that Zain SA’s customers are accustomed to diverse, unique and high-quality services.

It is worth noting that the MoU reinforces the Ministry of Communications and Information Technology’s approach regarding the Initiative of deploying Fiber Optic Broadband Services in the urban areas, with the aim of covering 2.1 million households by the end of 2020.