(Corrects to make clear STC’s share of the project is to connect 1.3 million housing units)
DUBAI, May 7 (Reuters) - Saudi Telecom Co (STC) said on Sunday it has signed an agreement with the government of Saudi Arabia to provide high-speed fibre optic broadband services.
STC’s share of the project will connect 1.3 million housing units with fibre optic lines, the company said in a bourse statement.
The project is scheduled to be completed by the end of 2020.
$1 = 3.7503 riyals Reporting by Alexander Cornwell; editing by Larry King and Jason Neely