Saudi Telecommunications Company (STC) has been awarded the third license to operate mobile phone services in Bahrain, it was reported on Tuesday.
STC, that already boasts 90 million customers, was the only company awarded the bid for BD86.7bn ($230bn) by the Telecommunications Regulatory Authority (TRA) after almost a year long bidding process.
The license was officially handed over by the TRA chairman Mohammed Ahmed Al Amer to STC chairman Muhammad Al Jasser at a presentation ceremony held at the Ritz-Carlton Hotel, according to Saudi daily Saudi Gazette.
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