stc Group, the leading digital enabler in the area, has inked a Memorandum of Understanding (MoU) with iBASIS, the leading independent provider of communications solutions for operators and digital players worldwide, in a bid to bolster Internet of Things (IoT) connectivity and foster digital transformation across the MENA region. The partnership, announced during the Capacity Middle East event, marks a significant step towards advancing the region’s digital infrastructure and supporting the development of innovative IoT technologies.
Expanding IoT reach
Through the MoU, stc Group aims to leverage iBASIS’s expertise and leading position in IoT to enable developers from Europe and America to expand their business ventures into the MENA region. This collaboration will elevate machine-to-machine (M2M) connectivity and provide international Original Equipment Manufacturers (OEMs) with lucrative growth opportunities within the MENA market. Moreover, it will provide IoT developers with flexible communications services for rapid expansion. Consequently, it will contribute to economic growth and diversifying investment opportunities in the region.
Driving innovation and digital transformation
The partnership between stc Group and iBASIS will drive innovation and digital transformation in the MENA telecom sector. In addition, it will cater to the evolving needs of customers, particularly in the growing smart device industry. By facilitating the development of new solutions and bolstering IoT connectivity, the collaboration aims to address the growing demands of businesses in the region. Furthermore, it seeks to promote alliance and collaboration toward creating a more interconnected and inclusive world for future IoT services through fostering digital innovation.
Saudi Vision 2030
The MoU between stc Group and iBASIS resonates with the objectives of the Saudi Vision 2030, which aims to propel digital transformation and position the Kingdom as a global digital hub. By investing significantly in digital infrastructure development, stc Group is playing a pivotal role in bridging continents. Moreover, it is driving economic growth across Asia, Africa, and Europe.
About stc Group
stc Group serves as the digital transformation engine in the region, offering a wide array of advanced solutions ranging from digital infrastructure to cloud computing, cybersecurity, IoT, artificial intelligence (AI), digital payments, and digital entertainment. With over 14 subsidiaries spread across the Kingdom of Saudi Arabia, the Middle East, North Africa, and Europe, stc Group plays a crucial role in spearheading the digitization process across various sectors.
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About iBASIS
iBASIS stands as the leading communications solutions provider, enabling operators and digital players worldwide to perform and transform. Powered by Tofane Global, iBASIS serves over 1,000 customers across 28 locations worldwide, optimizing global connectivity, quality, and security. With a focus on delivering end-to-end IoT connectivity solutions, iBASIS plays a vital role in shaping the future of communication technology.
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