stc Group
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Saudi Arabia’s Public Investment Fund (PIF) has agreed to acquire a 51% stake in Saudi Telecom Company (stc’s) carve out towerco TAWAL.
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Spain’s state investment firm, Sepi, has increased its stake in the Spanish telecoms group to 5%, in a move designed to counteract Saudi Arabian incumbent stc.
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stc Group has signed a memorandum of understanding (MoU) with iBasis to support the provision of global communications via Internet of Things (IoT) in Middle East and North Africa (MENA).
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stc Group has signed a strategic partnership with Red Sea Global (RSG), aiming to facilitate digital transformation along the Red Sea coast.
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SEPI (Sociedad Estatal de Participaciones Industriaes) made the announcement on Tuesday.
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With the latest financial reporting season well upon us, Capacity rounds up the top line findings from five telcos in third quarter 2023.
Forthcoming events
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Tonomus, Neom’s digital infrastructure subsidiary, has signed a multi-year agreement with stc group to acquire from LEO satellite capacity from Tonomus in Saudi Arabia.
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KT, in partnership with Hyundai Engineering & Construction (Hyundai E&C) and stc group, are to spearhead the development of a 50-year digital infrastructure project in Saudi Arabia.
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stc group is driving digital transformation in the region where it operates across multiple fronts.
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Yolanda Diaz, Spains labour minister and second deputy prime minister has spoken out against the sale of a 9.9% stake in Spanish multi-national operator Telefonica.
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Saudi Arabia’s stc Group has become the top shareholder in Telefonica, taking a 9.9% stake in the operator, it was announced today.
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Saudi Arabian towerco TAWAL has completed the acquisition of its first sites outside of the MENA region.
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center3, a subsidiary of stc Group, has chosen Ciena's portfolio of solutions and technologies for its fibre pairs on the 2Africa subsea cable system.
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center3, a subsidiary of stc Group, has completed a 9.6MW expansion of its Khurais, Riyad hyperscaler-grade data centre, enhancing its hosting capacity for customers.
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With stc Group making big moves to support Saudi Arabia's vision for 2030, the country is progressing on its journey to digital transformation. Highlighting some of these key initiatives at the Capacity Middle East event in Dubai, the group offered a tantalising peek into the future.
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stc group's ICT infrastructure subsidiary, Tawal, has signed an agreement to acquire United Group’s telecoms tower assets in Europe.
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stc has expanded its network capabilities by 18% in Madina, Saudi Arabia to keep pace with the rising visitor numbers and pilgrims during the month of Ramadan.
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AST SpaceMobile has signed a non-binding memorandum of understanding (MoU) with Saudi Telecom Company (stc), on collaborative projects.
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AALTO HAPS has signed a memorandum of understanding (MoU) with stc Group on the introduction of HAPS-based solutions to the Kingdom of Saudi Arabia.
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stc Group has published its full year 2022 financial results, with revenues for the totalling SAR 67,432 million (US$17.9 billion).
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stc Group and Omnispace, a mobile connectivity provider, have signed a memorandum of understanding (MoU) to develop space-based 5G mobile communications services.
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stc Group has inked a long-term strategic partnership with Blacknut to deploy its B2B/B2B2C cloud gaming solution across the Middle East and North Africa (MENA) region.
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stc and Nokia confirm the adoption of energy-efficient solutions, enabling stc to reduce its carbon emissions and support its net-zero targets.
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stc in collaboration with Huawei has completed the first global 1.2T/channel trial in its dense wavelength-division multiplexing (DWDM) optical network.
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neutrality.one has expanded its global network to Jeddah, Kingdom of Saudi Arabia (KSA) with the launch of a point of presence (PoP) in stc’s Jeddah Center3 data centre.
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stc Group has inaugurated its Center3 Company, the regional digital centre for the Middle East and North Africa.
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stc Group confirms the signing of 7 memorandums of understanding (MoU) in the field of artificial intelligence (AI) research & development (R&D).
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stc confirms the landing of the Saudi Vision Cable; its new subsea cable system in the Red Sea through its first landing station in Jeddah, Saudi Arabia.
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stc has increased its 5G infrastructure using additional 5G spectrum to become the first operator in the MENA region to enable 5G carrier aggregation technology.
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stc has published its second quarter 2022 revenues which totalled SAR 16.939 billion ($4.5 billion), an increase of 6.54% year-on-year (YoY).
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stc group’s $1 billion MENA Hub is to build the East to Med Data Corridor (EMC) subsea and terrestrial fibre-optic cable that will connect Europe with Asia, with Greek telco TTSA.
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Saudi Arabia's stc sees big scope in harnessing the ability of its home market to serve as a key hub for the MENA region and beyond. Here's how it's providing the services to solidify that goal, including investing US$1 billion to support the country's vision for 2030.
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Huawei will work with top Middle Eastern operators as it bids to create self-starting networks via its IntelligentRAN solution.
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Saudi Telecom Company (stc) shares rose by almost 10% following news of a potential capital increase proposal from its board.
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stc has announced it has successfully deployed a multi-layer 4G and 5G NSA networks on an Open RAN platform.
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Arabian Internet and Telecommunication Company (solutions by stc) has signed a sale and purchase agreement to acquire 89.49% of Giza Systems Company.
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stc Group and Alibaba Group have established Alibaba Cloud in Riyadh, Kingdom of Saudi Arabia, with an initial capital investment of $238.3 million (SAR 894 million).
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Capacity shares five key stories making headlines around the world today.
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As reporting season continues, Indosat Ooredoo, KPN, STC, Milicom and T-Mobile have reported their latest quarterly results – with some players taking the chance to also report on thier ESG progress.
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STC Group has implemented a new operating model, which restructures the group's activities in line with its DARE strategy.
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STC, Nokia and MediaTek have verified 3 component carrier aggregation (3CC-CA) in a 5G standalone (SA) network for the first time in the Middle East and Africa.