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Batelco announces USD1 bn investment plan

Batelco announces USD1 bn investment plan

Bahrain Telecommunications Company (Batelco) says it has committed to an initial investment of USD350m in its new Saudi fixed line operations, with the total spend expected to reach USD1bn. As part of the Etihad Atheeb consortium, the firm is busy deploying a WiMAX wireless broadband network which will enable it to offer voice and data solutions in competition with the current fixed line monopolist Saudi Telecom Company (STC). It expects its first services to be available in the fourth quarter of 2008.