Wataniya raises stake in iDEN operator Bravo to 47%

PTC was awarded a 15-year ‘build, operate, transfer’ licence in cooperation with Saudi Telecom and launched commercial services in July 2005 under the brand name Bravo. By 1Q06 to end March, Bravo counted 18,706 subscribers and a loss of US$2.4 million.

  • E-Mail
By  Tawanda Chihota Published  January 23, 2007

Wataniya International has announced that it has increased its stake in Saudi Arabia's Bravo iDEN network to 47%. The company that operates the Bravo network, the Public Telecommunications Company (PTC) was previously held 38% by Wataniya International. Other shareholders in PTC are Nasco, Ali A. Tamimi Co. and Sultan Najr Al Otaibi, though Wataniya International manages Bravo’s network. PTC was awarded a 15-year ‘build, operate, transfer’ licence in cooperation with Saudi Telecom and launched commercial services in July 2005 under the brand name Bravo. By 1Q06 to end March, Bravo counted 18,706 subscribers and a loss of US$2.4 million. "Bravo has been a tremendous success with the business segment in the kingdom. We are keen to continue investing in Saudi Arabia's dynamic and fast-growing market," said Ahmad Haleem, CEO of Wataniya International. Bravo's network is being rolled out in three phases. It launched with coverage of Mecca, Medina, Jeddah, Riyadh, Dammam and Dhahran, including the Mecca-Jeddah highway. The next two phases will see the roll out to more cities and highways resulting in kingdom wide coverage.

Add a Comment

Your display name This field is mandatory

Your e-mail address This field is mandatory (Your e-mail address won't be published)

Security code