Mobile Telecommunications Company Saudi Arabia (Zain) announces the latest developments related to the acquisition of additional spectrum, which Zain had previously announced on 07/06/2017. The company made its first payment from its operating cash flow sources of 30% amounting to SR 253.8 million out of SR 844 million on 29/08/2017 as per the auction conditions. The remaining payment will be paid as annual payments of 7% over 10 years.

The financial impact will take place starting from January 1, 2018, although it is anticipated that the acquired new spectrum will increase Zain LTE network capacity by 50% allowing Zain customers to experience an average increase of 80% in downloading and improving network congestion, without the need for major changes in existing infrastructure. Quality of service and experience of customers will improve without the need to change any settings on their wireless phones, tablets and routers.