Saturday, June 03, 2006

Saudi Firms to Award $267M Deal to Cisco, Thales

A Reuters newswire article, via Yahoo! News, reports that:

Three Saudi firms led by mobile telecommunications operator Mobily will award a deal worth 1 billion riyals ($266.7 million) to Cisco Systems and France's Thales, a Mobily spokesman said on Saturday.

"We will sign on Tuesday the contract in Riyadh. The deal provides for the setting up of a fiber optic backbone structure for data," Hamoud al-Ghobaini, Mobily's corporate communications manager, told Reuters.

The two other Saudi firms are data services providers Bayanat al-Oula for Network Services and Integrated Telecom Company Ltd.

More here.


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