The Integrated Telecom Company (ITC), a leading information and communications technology Company, has signed an agreement with the Ministry of Communications and Information Technology (MCIT) to implement a high-speed fibre optic broadband initiative in Saudi Arabia.
This will be done in accordance with the pre-approved Broadband Implementation Agreement which was signed earlier this year with the Communications and Information Technology Commission (CITC).
The agreement provides financial support to ITC with an approximate amount of 1.344 Billion SR, to be paid in regular instalments.
Eng. Ghassan Itani, ITC’s CEO and President, said: “This agreement comes within the framework of the continuous support and participation of ITC to the directives of the MCIT and CITC, and continuing on the company commitment to utilise all its financial, technical and human capabilities to achieve all the strategic objectives of the National Transition Program 2020 initiatives, within Saudi Vision 2030.
“This agreement will improve the level of services provided to customers in all sectors.
“The company’s great expertise will contribute to the development of this vital sector and enhance the digital infrastructure as well as help in providing high-speed fibre optic broadband services to the urban areas of the Kingdom, government offices and residential units.”