GO Telecom leases data center space for SAR 76.85M

GO Telecom expects financial impact to begin in Q4 2026/27

Etihad GO Telecom Co. (GO Telecom) signed a binding agreement on Nov. 2 with Ezditek Co. to lease dedicated space at a data center for AI services, with a total value of SAR 76.85 million, excluding VAT.

In a statement to Tadawul, the company said the agreement provides dedicated space to operate its equipment and technical systems for AI services offered to both the public and private sectors.

The five-year contract is renewable for an additional five-year term.

GO Telecom said the financial impact of the agreement is expected to begin in the fourth quarter of fiscal year 2026/27 and continue until the end of the contract term.

The agreement aligns with the company's strategic direction to strengthen its presence in the digital infrastructure and data center market and develop an integrated portfolio of technical services and solutions.