GO wins SAR 127.65M projects

Etihad Atheeb Telecommunication Co. (GO) was awarded two projects from Detecon Al Saudia Co. LTD. for ICT Services (DETASAD) at a total of SAR 127.65 million,  including VAT.

In a statement to Tadawul, the telecom operator said the projects aim to provide dedicated internet connection circuit services.

The first project, with purchase No. 5500002495, is valued at SAR 104.88 million. It will last 76 months.

Meanwhile, the second 36-month project, with purchase No. 5500002541, will cost SAR 22.77 million.

The positive financial impact from the deal will be reflected as of Q3 2024, GO noted.