Mobily acquires 120 MHz frequency spectrum for SAR 2.5B

Etihad Etisalat Co. (Mobily) acquired on Nov. 11 a license to use 120 MHz frequency for 15 years, at a total value of SAR 2.48 billion.

The license came after the telco recently participated in the frequency spectrum auction, held by the Communications, Space and Technology Commission (CST), in bands 600, 700, 3800 MHz for mobile telecommunication networks.

In a statement on Tadawul, Mobily said it acquired 20 MHz in the 700 MHz band and 100 MHz in the 3800 MHz band, noting that these frequencies will be available for use starting from Jan. 1, 2025.

The frequency bands offer several advantages as the 700 MHz band, characterized by its mature ecosystem and widespread device support, enables broad geographic coverage and high-quality service, including advanced 5G capabilities.

Meanwhile, the 3800 MHz band offers Mobily the capacity to enhance its ability to deliver high-speed services to both consumer and business customers amid the growing demand for ultra-fast data services.

The synergy between these two bands creates a comprehensive spectrum that will enable Mobily to offer innovative services that meet the needs of its customers, reflecting the company's commitment to rapid adoption of the latest technologies and its position as a leading industry player, the statement added.

Mobily further stated that spectrum is a key enabler for the deployment of mobile networks and the provision of innovative services and modern technologies.

Given the Kingdom's advancements in the telecommunications sector and mobile networks, and the increasing demand for advanced services, Mobily has been keen to invest in the necessary new spectrum, reaffirming its commitment to providing a state-of-the-art infrastructure that supports the latest technologies to meet the aspirations of its customers and contribute to achieving the Kingdom's digital transformation goals.

CST announced in October the fifth auction for the frequency spectrum in the ranges 600, 700, 3800 MHz for mobile communications networks. Three applicants qualified to participate in the auction, namely, stc, Mobily, and Zain KSA, Argaam earlier reported.