Saudi Telecom Co (STC) will be paid about 2.7 billion riyals in “financial support” as part of its agreement with Saudi Arabia’s Ministry of Communications and Information Technology, the company said in a statement.
News, Telecoms
Middle East telcos among region’s most valuable brands
UAE-based telco Etisalat has recently been named as the region’s most valuable brand in Brand Finance’s list of the Middle East’s top 50 brands for 2018. 0 2186
STC incubator InspireU, Careem support Saudi entrepreneurs
InspireU, an STC incubator, has announced a partnership agreement with Careem, the Dubai-based ride hailing service provider, in KSA.
STC Q2 net income jumps to $1.3 billion
STC group net income for the 2nd quarter of 2017 increased 7.9% compared to the comparable quarter last year, and …
Transformation Talk | Weekly news round-up 01.06.17
Tahawul Tech brings you Transformation Talk, a weekly roundup of the biggest news in the technology industry.
STC to launch $500m venture capital fund for tech start-ups
Saudi Arabia’s telecoms giant STC has announced that it will set up a $500 million venture capital fund to invest …
compareit4me.com secures $3.5 million in funding
compareit4me.com has raised $3.5 million from its existing investors, including STC Ventures, Wamda Capital, Dubai Silicon Oasis Authority and Saned Partners, in its latest phase of funding.
Linksys introduces mesh Wi-Fi system Velop in Middle East
Linksys has introduced Velop, its premier Whole Home Wi-Fi product in the Middle East. Whole Wi-Fi Mesh systems will drive …
Ericsson forum puts spotlight on digital transformation
Ericsson recently hosted the Change Makers Forum, which focused on the importance of digital transformation and the need to think of alternative business models to seize the opportunities brought by the Networked Society.
STC selects Ericsson for Zero Site deployment
Saudi Telecom Company (STC) and Ericsson KSA have collaborated to deploy the world’s first Zero Site in Riyadh.
STC inks pact with SAP
SAP has announced that it has signed an agreement with STC, the largest telecommunication services provider in the Middle East …