IssuerAnnouncementDetailsV2Portlet
Actions
Etihad Etisalat Co. (Mobily) announces the signing of a hosting agreement with Red Bull Mobile (Future Networks Communications Company)
7020
ETIHAD ETISALAT
-0.98
%
1446/03/05 08/09/2024 09:37:23
| Element List | Explanation |
|---|---|
| Introduction | Mobily signs a hosting agreement with Red Bull Mobile (Future Networks Communications Company). |
| Date of Announcement of the Award | 2024-09-05 Corresponding to 1446-03-02 |
| Contract Subject Matter | MVNO agreement. |
| The Entity with Which the Contract was Signed | Red Bull Mobile (Future Network Telecommunications Co.). |
| Date of Signing the Contract | 2024-09-05 Corresponding to 1446-03-02 |
| Contract Value | The cumulative contract value over a 6-year period is more than 5% of Mobily’s 2023 annual revenue. |
| Contract Details | Hosting Red Bull Mobile as an MVNO on Mobily’s network. |
| Contract Duration | 6 years. |
| Financial Impact and the Relevant Period | Positive financial impact expected to start from Q4 2025. |
| Related Parties | N/A. |
| Additional Information | This agreement offers Mobily a great opportunity to expand its market reach and improve operational efficiency by leveraging its existing network infrastructure to host MVNOs. |
The Capital Market Authority and Saudi Exchange take no responsibility for the contents of this disclosure, make no representations as to its accuracy or completeness, and expressly disclaim any liability whatsoever for any loss arising from, or incurred in reliance upon, any part of this disclosure, and the issuer accepts full responsibility for the accuracy of the information contained in it and confirms, having made all reasonable enquiries, that to the best of their knowledge and belief, there are no other facts or information the omission of which would make the disclosure misleading, incomplete or inaccurate.
Share
Company Performance
ETIHAD ETISALAT
Add To Watchlist
In your Watchlist
Add To Watchlist
Key Parameters
Last Price 50.6
Net Change -0.5 (-0.98%)
Value Traded (Sar) 18,705,641.3
Volume Traded 369,027
LoginPortletPopupv2
Actions
AddtoWatchlistv2
Actions