Betting high: Zain Jordan expected to pay $200 million to introduce 4G to the Kingdom by year end
Telecom operator Zain Jordan is expected to transfer JD192 million to the Treasury in the coming two days for the Fourth Generation (4G) frequencies it obtained last month and for other frequencies to expand its third generation (3G) network, a government official said.
Finance Ministry Secretary General Omar Zu’bi told The Jordan Times that Zain Jordan –– a unit of Kuwaiti-based Mobile Telecommunications Co. –– will transfer JD142 million for the 4G frequencies licence and JD50 million for 3G network expansion.
Last month, the mobile operator executives said it would introduce 4G services that enable data transfer rates of up to 150 megabits per second by the end of this year.
The government had invited the country’s three operators — Zain Jordan, Orange Jordan and Umniah — to submit requests to acquire frequencies to provide 4G services after it turned down bids from two companies.
The government received offers from KULACOM Jordan and a US-based company called “Ameriphone” to provide 4G services, but the bids were rejected as they were not in line with the tender’s conditions.
Mobile penetration in Jordan reached 156 per cent at the end of 2013, with 10.3 million mobile subscriptions, according to official figures.
- I just called to say... Saudi mobile phone market is the biggest in MENA
- Mobile mania! MENA cell phone sales higher than ever in 2014
- Online freedom vs. the red flag: five disturbing facts about Turkey's Internet Law
- Saudi Arabia, Jordan lead cell phone market competitiveness
- Is cloud computing clouding the judgement of ME businesses?
- After rejecting outsiders: Jordanian telecom company gets on board with 4G plans and place a bid
- Zain telecom invests a $1 billion in network upgrade, says CEO
- Zain KSA” and Ericsson Sign Agreement to Provide 4G/LTE Network in the Kingdom
- Bahrain's telecom watchdog facing legal action
- Jordan Telecom’s revenues up 12 percent in 3Q 2003