1996 News Story

PTT may offer investmnet opportunities

The Ministry of Posts, Telegraphs and Telephones today announced that committees had been formed to study the possibility of opening investment opportunities for the private sector in the provision of telephone services. This step is aimed at upgrading the services and reducing the PTT Ministry's expenses while retaining control of the market. Meanwhile, PTT revenue, currently around SR 6 billion (U.S. $ 1.6 billion), is expected to increase dramatically following the introduction of a cellular phone service and the increase in postal rates.