Nokia Siemens Networks Inks 4G Deal in Saudi Arabia

Date : 06/06/2012 @ 8:55AM
Source : Dow Jones News
Stock : Nokia Corp. Sponsored American Depositary Shares (NOK)
Quote : 6.26  0.0 (0.00%) @ 8:24AM

Nokia Siemens Networks Inks 4G Deal in Saudi Arabia

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By Katarina Gustafsson

Network equipment vendor Nokia Siemens Networks (NOK, SI) said Wednesday that it has signed a 4G deal with Saudi Arabian operator Zain KSA.

 
   MAIN FACTS: 
 

-Zain will use Nokia Siemens Networks as its infrastructure and services vendor for Jeddah, Saudi Arabia's second-largest city.

-Zain will refarm--clear and reassign frequencies from low to high value applications--its 1800MHz GSM frequency band to 4G services.

-Nokia Siemens Networks will also manage Zain's 4G network in Jeddah in addition to Zain's existing GSM and 3G networks in the city.

-At 1208 GMT Nokia shares were up 4.7% at EUR2.24.

Write to Katarina Gustafsson at katarina.gustafsson@dowjones.com

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