Etihad Etisalat Co. - Mobily - ETIHADETISALAT

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Etihad Etisalat, commonly known as Mobily, is a Saudi Arabian telecommunications services company. They offer fixed-line, mobile telephony, and Internet services under the brand name Mobily. Established in 2004, Mobily won the bid for Saudi Arabia's second GSM license, breaking Saudi Telecom's monopoly in the wireless business. The company has been listed on the Saudi Stock Exchange since 2004 and is the first telecommunications company licensed for 3G services. Etisalat Emirates Group, a United Arab Emirates firm, holds a 27.99% stake in Mobily, while the General Organization for Social Insurance (GOSI) holds an 6.90% stake, and the rest is owned by other institutional and retail investors. Mobily launched mobile services in Saudi Arabia on May 5, 2005, acquiring 1 million subscribers within the first 90 days. In 2006, the GSM Association named Mobily the fastest growing mobile operator in the Middle East and North Africa. The same year, it launched 3.5G services, with 4G services introduced in 2011 and 5G services in 2019. In February 2021, Nokia extended its partnership with Mobily to manage and maintain radio and transport networks in Riyadh and other regions. Mobily's growth has been characterized by a series of significant strategic acquisitions. In 2008, it acquired Bayanat al-Oula, a licensed data service provider, and later that year it acquired an absolute majority stake in Zajil, the leading Saudi internet service provider. The Company owns 66% of the Saudi National Fiber Network (SNFN), one of the world's largest fiber-optic networks, which enables the Mobily to rely on strong backhauling capacity to offer its customers comprehensive communication, mobile and broadband services. Mobily provides integrated services for three main sectors, namely individuals, business, and carriers. It has one of the largest wireless networks by coverage in Saudi Arabia, as well as the region, and one of the widest FTTH networks, in addition to one of the largest data center systems worldwide. The Company's network comprises its own infrastructure and those of Bayanat al-Oula and Saudi National Fiber-Optic Network (SNFN). This is the Kingdom's newest fiber-optic network, with access to all major cities and more than 58,060 km of roads. The network has been expanded to connect to neighboring countries including Yemen, the United Arab Emirates and Bahrain, Qatar, Kuwait and Jordan.