GO Telecom inks framework pact with Syrian communications ministry

Logo of Etihad Atheeb Telecommunication Co. (GO Telecom) 

Etihad Atheeb Telecommunication Co. (GO Telecom) signed today, July 24, a five-year framework agreement with Syria’s Ministry of Communications and Technology.

The project’s total value is expected to reach SAR 1.96 billion, the telco said in a statement to Tadawul.

For more news on listed companies

The agreement aims to enhance Syria’s digital infrastructure through two data centers, a cybersecurity hub, cloud and disaster recovery systems, and a tech platform to support digital transformation.

GO Telecom will train and qualify a ministry-appointed team to manage the project, in line with the technical specifications and obligations outlined in the agreement.

The financial mechanism will be executed through separate contracts with the funding entity, GO Telecom noted, adding that the impact cannot yet be assessed and updates will be provided in due course.

The actual scope, value, and payment schedule will be determined through work orders added to the agreement later.

There are no related parties to the agreement, the statement said.