Mar

26

Mobily To Invest Rs 70 Cr in India

Filed Under Business | Posted By Jennifer Sullivan | Leave a Comment

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Mobily, leading GSM operator in Saudi Arabia announced on Tuesday to invest Rs 70 crore in the next three years, Mobily Infotech India Private Limited (MIT).

Mobily has already invested over Rs 20 crore in the initial year of registration and operations in MIT and plans were on to invest Rs 70 crore for infrastructure development, skilled manpower among others, said Ahmed M al-Orani, proclaiming the launch of a new facility centre at Whitefield in the city here.

MIT, the company’s first subsidiary outside Saudi Arabia, has employed 70 professional and the number is likely to grow to 800 in the next five years, he said.

“The subsidiary, specialised in providing it services, will extend the capabilities of the current information technology division. MIT will add more skilled manpower to Mobily’s it division and allow the company to handle much tighter it project deadlines needed to improve both the time to market and quality of service required in a competitive environment,” said mobily CEO and MD, Khalid Alkaf.

Till 2009, Mobily Infotech will provide it solutions and consulting services only for the parent company. From 2010, Mobily Infotech would be able to provide services to other telecom operators as well, Ahmed said.

Listing the benefits that Mobily would derive from its Indian subsidiary, Ahmed said it would help in improving both quality of products and responsiveness.

“It would help meet the tremendous growth and increase the competitive edge of Mobily”, Ahmed said.

The Indian unit would help Mobily to be in tact with the latest developments in this space and the new service in the industry. If possible, these products and services could be initiated in Saudi Arabia, he added.

Mobily, the brand name of Etihad Etisalat Co is the second GSM operator in Saudi Arabia providing GSM, 3 and 3.5 g voice, data and multimedia streaming services with high speed.

Mobily, which is the fastest growing mobile operator in the Middle East and North African region, by end of 2007, revenue of USD 368 million, Khalid said.



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