STC to bid for Cellnex's Austrian unit, El Economista: Report, ET Telecom
STC Group: STC has still not requested government authorisation to exercise the voting rights corresponding to the financial instruments.
Source: indiatimes.com
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Center3 acquires CMC Networks to expand in Africa and Middle East
STC Group subsidiary centre3 is acquiring CMC Networks, a global service provider offering networking solutions across Africa and the Middle East.
Source: developingtelecoms.com
Saudi telco buys 9.9% of Telefónica
Saudi Arabia’s stc Group has acquired a 9.9% stake in Telefónica for €2.1 billion and is now the largest shareholder in the Spanish telco. However, it says it has no intention of securing control or a majority stake, rather seeing the move as “a compelling investment opportunity”. Commenting on the transaction, Mohammed K. A. Al…
Source: broadbandtvnews.com
Saudi Telecom becomes Telefónica's largest shareholder after buying 9.9% stake for €2.1 billion
STC Group, the leading Saudi Arabian investor, has acquired a 9.9% stake in Telefónica for a total of 2.1 billion euros, it said in a statement on Tuesday.
Source: thecorner.eu
Airbus' Aalto HAPS Signs New Deal with Saudi Telco
The Airbus HAPS subsidiary Aalto HAPS has signed a new deal to bring its connectivity solutions to the Kingdom of Saudi Arabia. The company announced a
Source: satellitetoday.com