Marconi has been awarded an exclusive network redesign and consultancy contract by Saudi Telecomm (STC). The $28.5 million agreement is expected to enable STC to drive incremental revenue from around two million new subscribers, as well as reducing network hardware costs at a time when Saudi Arabia is experiencing growth in GSM subscriber demand of over 30 percent a year.
MSI, a wholly owned subsidiary of Marconi, will provide radio frequency (RF), transmission and core network consultancy to help further expand STC’s network. STC’s mobile subscriber base grew 32.6 percent in 2000, according to a company press release.
STC forecasts that with the completion of its network redesign and expansion this year, it will be able to provide services to over 4.5 million subscribers, and its expanded network will have capacity to provide service to 5.6 million customers.
Marconi has research and development facilities in 19 countries, manufacturing operations in 16 countries, and serves customers in over 100 countries. Marconi plc is listed on the London Stock Exchange and Nasdaq. — (menareport.com)
© 2002 Mena Report (www.menareport.com)
