Element List |
Explanation |
Introduction |
Mobile Telecommunication Company Saudi Arabia (ZAIN KSA) signed MoU with Etihad Etisalat Company (Mobily) to form a joint committee from both companies, to prepare and offer a request for proposal (RFP) with the options of purchasing the telecommunications towers owned by the two companies, merging them into one company with other investors or operating them on their behalf. Provided that the offer of RFP must be prepared within thirty days from the date of signing this memorandum. |
Memorandum Signing Date |
2020-07-02 Corresponding to 1441-11-11 |
Counterparty |
Etihad Etisalat Company (Mobily) |
Memorandum Subject |
Forming a joint committee from both companies, to prepare and offer a request for proposal (RFP) with the options of purchasing the telecommunications towers owned by the two companies, merging them into one company with other investors or operating them on their behalf. |
Memorandum Duration |
Unspecified duration |
Related Parties |
The MOU does not include any parties related to Zain KSA. |
Financial Impact |
There is no Financial Impact |
Additional Information |
Note that the signed MoU with Etihad Etisalat Company (Mobily) is not obligatory, and any agreement will be subject to the regulatory approvals and conditions, and the internal approvals of both companies. Any material developments will be announced in due course. |
Comments