Mobily to Explore Investments With KT in Saudi, Watan Reports

Etihad Etisalat Co. (EEC), the second- largest phone operator in Saudi Arabia known as Mobily, and South Korea’s KT Corp. (030200) will explore investment opportunities in the kingdom and the region as part of a new cooperation agreement, al-Watan newspaper reported.

The agreement signed by the two companies will support future plans in communication services and technologies, the newspaper reported, citing Abdulaziz al-Tamami, the chief operating officer of Etihad Etisalat.

To contact the reporter on this story: Glen Carey in Riyadh at gcarey8@bloomberg.net

To contact the editor responsible for this story: Andrew J. Barden at barden@bloomberg.net

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