Saudi Telecom Company (stc) said it would need another two months to complete the purchase of Vodafone Group's 55 percent stake in Vodafone Egypt.
stc pay, digital wallet and subsidiary of stc Telecom Company, Saudi Arabia’s largest telco, and Visa, the world’s leader in digital payments, entered into an exclusive strategic partnership to launch customer-centric financial services and digital payment solutions to stc pay customers. The strategic partnership, involving a multi-year agreement, was signed via videoconference by Ahmed Alenazi, CEO of stc pay, and Ali Bailoun, Visa’s GM for Saudi Arabia.
In a pilot initiative aiming to adopt and support a more agile digital culture, Ooredoo Group has extended its Work-From-Home procedures, allowing employees whose work doesn't require them to physically be in the office to continue working remotely until the end of 2020.
Zain KSA has signed a Memorandum of Understanding (MoU) with Etihad Etisalat Company, Mobily, to form a committee to draw up a request for proposal to buy their telecoms towers, merge them into one company with other investors, or operate them on their behalf.
Batelco, the leading digital solutions provider in Bahrain, has announced the establishment of “Global Zone Kuwait”, which will offer an ecosystem platform to further support the enablement of digital transformation in the region.
A joint venture between Etisalat and Noor Bank, Digital Financial Services LLC, has partnered with MoneyGram, a global leader in cross-border P2P payments and money transfers, to offer international remittance services in the UAE.
Zain KSA has announced the expansion of its 5G network to cover all the Kingdom’s regions, after it has recently included Al-Jouf and the Northern Borders.
Ookla, known for its world renowned internet ‘SpeedTest’ has announced that Zain KSA is the winner for the “fastest fixed internet”.
The Saudi Telecom Company (stc) has reportedly completed a due diligence study in its acquisition of Vodafone Group’s stake in Vodafone Egypt.
stc has announced that it is making its broadband internet services available through fiber optics across all landline networks in Saudi Arabia, with the aim of enhancing the efficient use of the fiber optics infrastructure in Saudi Arabia. This comes after it had signed a landline broadband agreement with all providers of landline broadband internet infrastructure in February, under the auspices of HE Minister of Communications and Information Technology Abdullah Al-Swaha and based on an initiative by the CITC.