Arabian Internet and Telecommunication Services Company (solutions) has signed a SAR298.08 million ($79.3m) contract to establish and develop the internet and communications networks for Saudi Telecom Company (stc), the largest shareholder in solutions.
The project includes the expansion of internet services networks that serve the business units of stc to meet the requirements of the growing business sectors, according to a bourse filing on Wednesday. The contract will also aim to increase the capacity of internal and international network to accommodate the growth in the 5G services.
Under the 24-month contract, solutions will install data transfer devices and raise the capacity of stc’s internal and international network and the infrastructure for virtual broadband devices.
Meanwhile, an internet infrastructure will be established in the new data centres in Khamis Mushait, Dammam, Qassim, and North of Riyadh.
