Intelligent CIO Middle East Issue 23 - Page 8

NEWS KSA ITC signs with MCIT to implement Broadband fibre optic initiative The agreement provides financial support to ITC with an approximate amount of 1.344 Billion SR, to be paid in regular instalments. The Integrated Telecom Company (ITC), a leading information and communications technology Company, has signed an agreement with the Ministry of Communications and Information Technology (MCIT) to implement a high- speed fibre optic broadband initiative. This will be done in accordance with the pre-approved Broadband Implementation Agreement which was signed earlier this year with the Communications and Information Technology Commission (CITC). Eng. Ghassan Itani, ITC’s CEO and President, said: “This agreement comes within the framework of the continuous support and participation of ITC to the directives of the MCIT and CITC, and continuing on the company commitment to utilise all its financial, technical and human capabilities to achieve all the strategic objectives of the National Transition Program 2020 initiatives, within Saudi Vis