solutions inks framework deal with Center3 with SAR 150M ceiling

Arabian Internet and Communications Services Co. (solutions) signed, on Feb. 8, a framework agreement with Digital Centers for Data and Telecommunications Co. (Center3) to design and build the infrastructure for POD’s (Data Center Halls) and MMRs (Meet Me Rooms) with a maximum ceiling of SAR 150 million.

In a statement to Tadawul, the company said that the three-year contract includes procurement, design, and implementation of cabinets and related accessories, structured cabling, HAC (Hot Aisle Containment) doors and accessories, DCiM (Data Center Infrastructure Management) solution and the related integrations, active networks to support the DCiM solution and other solutions if applicable. In addition, the agreement includes fit-out items such as cages, CCTV cameras, additional cable trays, cable baskets, etc. as per requirements.

The financial impact on the company's financial statements will appear from Q2 2024, the statement added.

stc is a related party to the deal. The telecom major is considered the largest shareholder for solutions and Center3, owning 79% and 100%, respectively.