Mobily cannot prove claims, Zain Saudi has strong position in dispute: Chairman

22/01/2015 Argaam

Mobile Telecommunications Company Saudi Arabia (Zain KSA) has not yet received documentation from Etihad Etisalat (Mobily) to substantiate its claim that it is owed SAR 2.2 billion​ by the company​, said Hassan Kabbani, Zain Saudi Arabia's chief executive.


"We gave our consent for arbitration upon Mobily's request​;​​ h​owever, our position is very strong in this dispute," Kabbani told Al Arabiya news channel in a phone call. "We'll always act in the best interest ​of our shareholders.”According to data available on Argaam, Mobily, Saudi Arabia’s second-biggest telecom operator, sought arbitration in late 2014 to obtain SAR 2.2 billion it claimed that it was owed by Zain on providing it with roaming and data-sharing services on a deal signed by both companies in 2008.

 
Mobily’s smaller rival, an affiliate of Kuwait’s Zain, rejected this claim, stating that it only owes SAR 13 million.

The companies held their first arbitration session on Dec 20, 2014. During the meeting, in which Mobily presented its statement of claim, the operators said they agreed on the arbitration proceedings adopted so far by the panel.

Zain has asked for some time to reply to Mobily’s allegations. The next arbitration session is set for Feb. 7.

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