Telecom
PIF to acquire 51 percent stake in TAWAL from stc Group
The two companies extended the managed services partnership for another three years
The deal aims to create a neutral host ecosystem, allowing service providers to share infrastructure
The Group reported $3.6 billion in net profits
Diversifying its business and creating robust pillars are key to its continuing success
Enhancing global communication and driving digital transformation in the region
Agreements align with the objectives outlined in Vision 2030
stc's continued investments are reflected in the volume of 5G network use
Unprecedented success in 2023, notable advancements in digital infrastructure
Promoting Saudi Arabia's audio identity and culture
Acquisition is subject to customary conditions and approvals
Event held in collaboration with GSMA
Driven by increase in subscriptions and digital bank initiatives
Strategic partnership Offers latest communication technologies at tourist sites on Red Sea coast
e& and stc acquired substantial stakes in leading companies
An increase of 9.10 percent compared to September 2022
Company aims to boost the digital economy in Saudi, enhance local content
Bridging the digital gap
Partnership to establish a smart infrastructure with integrated futuristic technologies
Company driving digital transformation, preserving heritage in ALUla
Saudi Arabia breaks new ground with 22 percent 5G availability
65 percent of consumers concerned about broadband's carbon footprint
For a total consideration of SAR 8.5 billion (EUR 2.1 billion).
