NEW DELHI: Bharti Airtel said on 27 February that the third mobile license in Saudi Arabia is a part of a consortium bidding.
The country’s top mobile operator said it has a minority stake of 15% in the consortium led by a Saudi company.
The Communications and Information Technology Commission (CITC) of Saudi Arabia had invited bids globally for the third mobile license, the deadline for which expired last week.
“The principal role of Bharti Airtel will be to provide comprehensive management services including negotiation with vendors, roll out networks, brand building and distribution, setting up management processes and providing training and development under management services agreement,” a company statement said.
The statement added that Bharti would get a management fee in addition to the reimbursement of all actual costs.