Etihad Atheeb Telecom Co.”GO” signed a Memorandum of Understanding with ZTE Corporation on Monday, March 21 to deploy fiber-optic network within the cities (Metro Fiber Ring). The first phase of this network implementation project will start in Riyadh city and will serve the government sectors and business (FTTB) and homes (FTTH).
Eng. Zaid Al Shabanat, Chief Executive of GO Telecom stated “We are pleased to sign this Memorandum of Understanding, which represents a new step towards building the most advanced telecommunications network in the Kingdom. The new fiber-optics network integrates with the Fourth Generation (4G) wireless communications technology, WiMAX 802.16e, to provide GO Telecom products & services that meet the needs of government, business and home sectors, both for Broadband Internet service and Voice services, and opens up more opportunities to provide other Value-Added Services. The second phase of the project will continue in each of the cities of Jeddah and Dammam. Building a new fiber optics network will reinforce the infrastructure of the company and its competitive standing in the Saudi market and will establish a long-term partnership with ZTE Corporation. It should be noted that the founding partners of Etihad Atheeb Telecom Co. “GO” have committed to 65% share upon the raise of company capital.”