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.

Read more: stc pay and Visa partner to launch a digital payment solution

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.

Read more: stc enhances use of fiber optics accross Saudi Arabia

In light of their ongoing strategic partnership, Telecom Egypt and Etisalat Misr signed two first of their kind agreements relating to transmission and mobile-to-fixed interconnection. The first agreement entails a development of Telecom Egypt's transmission and infrastructure services’ commercial model with Etisalat Misr, where Etisalat Misr for the first time signs a long-term agreement including an annual commitment for Telecom Egypt’s infrastructure and transmission services.

Read more: Telecom Egypt, Etisalat Misr consolidate their partnership with new agreement

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