Shearman And Sterling

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September 30, 2016

Telecoms in the Kingdom of Saudi Arabia – An Overview

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The Kingdom of Saudi Arabia has the largest information communication and technology market in the Middle East by both capital volume and spending.  It is dominated by the Saudi Telecom Company (“STC”), Mobily and Zain, though new entrants to the market in the form of Mobile Virtual Network Operators (“MVNOs”) have begun to create additional competition. With 53 million subscribers to mobile phone services and a penetration rate of approximately 165%,  competition in the industry is already fierce, but the demand for services is growing. It is a market quickly becoming one of the most coveted by local and international companies. In consideration of this, we outline in this article the Government entities, regulators and legal framework that underpin the sector and observe how the sector has been liberalised and is continuing to grow.

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Authors and Contributors

Marwan Elaraby

Partner

Capital Markets

+971 4 249 2123

+971 4 249 2123

+971 2 410 8123

+971 2 410 8123

+1 212 848 4947

+1 212 848 4947

Dubai

Dr. Sultan Almasoud

Partner

Mergers & Acquisitions

+966 11 213 7801

+966 11 213 7801

Partner, The Law Firm of Dr. Sultan Almasoud in association with Shearman & Sterling LLP

Partner, The Law Firm of Dr. Sultan Almasoud in association with Shearman & Sterling LLP

Riyadh

Sanjarbek Abdukhalilov

Consultant

Mergers & Acquisitions

+966 11 213 7802

+966 11 213 7802

Riyadh

Iain Elder

Partner

Project Development and Finance

+44 20 7655 5125

+44 20 7655 5125

+971 2 410 8100

+971 2 410 8100

London

Brendan Hundt

Partner

Project Development and Finance

+971 4 249 2160

+971 4 249 2160

+971 2 410 2160

+971 2 410 2160

Dubai