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Vodafone agrees to sell 55% stake in Egypt unit to STC
2020-01-29 08:53:00| Telecompaper Headlines
(Telecompaper) Vodafone Group has agreed to sell its 55 percent stake in Saudi Telecom Company (STC) for USD 2.39 billion cash. This gives the mobile operator co-owned with Telecom Egypt an enterprise value of USD 4.35 billion and a multiple of 7.0x adjusted EBITDA for the year to September.
STC and Huawei complete Middle East's first 3.5GHz 5G trial
2019-03-06 01:00:00| Total Telecom industry news
The Saudi Telecom Company and Huawei have completed the Middle East's first indoor 5G testing using 3.5GHz spectrum, according to regional press reports. During the tests in the Saudi city of Dammam…read more on TotalTele.com »
Tags: complete
middle
trial
huawei
KT and STC partner up to deliver gigabit connectivity in Saudi Arabia
2019-02-27 01:00:00| Total Telecom industry news
South Korean telecoms giant, KT has joined forces with Saudi Telecom Company (STC) to redevelop and upgrade telecoms infrastructure in the Kingdom of Saudi Arabia…read more on TotalTele.com »
Tags: partner
deliver
arabia
saudi
Ooredoo plans rival bid to STC for Turk Telekom owner - report
2017-11-22 14:48:00| Telecompaper Headlines
(Telecompaper) Ooredoo Group has decided to bid for the insolvent owner of Turkey's biggest telecommunications company to rival an offer from Saudi operator STC, Bloomberg reports citing three unnamed sources familiar with the matter. Ooredoo will bid to acquire Ojer Telekomunikasyon or Otas, a special purpose vehicle that owns 55 percent of Turk Telecom, while the Saudi proposal also remains on the table, the sources said.
Nokia, STC ink deal to deploy 4.5G across Saudi Arabia
2016-10-18 11:15:00| Telecompaper Headlines
(Telecompaper) Nokia and STC have signed an agreement to expand high-speed mobile broadband capacity and coverage in Saudi Arabia using Nokia's 4.5G technology. The enhanced network will meet the ever-increasing demands of subscribers across the country, including the millions of visitors who travel to the cities of Mecca and Medina each year, particularly during the Hajj and Ramadan seasons. Nokia has already completed the first phase of the deployment in Mecca and Medina, where it asked to dramatically increase capacity. Using 4.5G technology, including Saudi Arabia's first indoor small cells deployment, STC managed the huge traffic demands during this year's Hajj pilgrimage, which during peak times recorded an increase in 4G traffic of 600 percent compared to 2015.