Saudi Telecom Company (STC) and Swedish firm Ericsson announced on Wednesday plans to delve into potential sustainable initiatives to support the Saudi telco’s network infrastructure to highlight the Kingdom’s vision. “With this new MoU, we work yet again with Ericsson to push the ICT industry’s boundaries and focus on ensuring a sustainable, environmentally viable future,” […]
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Saudi Telecoms Company (STC) raised on Wednesday $966 million from its Initial Public Offering (IPO) following completion of the institutional subscription of its subsidiary Arabian Internet and Communications Services Co. Last week, the Kingdom’s state-owned telco set a price for its IPO at the highest rank of an analytical price range for Solutions by STC, […]
Arabian Internet and Communications Services Co. revealed plans of auctioning 24 million of its shares, trusting this move will raise $960 million in its initial public offering (IPO). The company, which is a subsidiary of Saudi Telekom Company (STC), will look to auction off the shares with prices ranging between $36.26 and $40.26 per share. […]
Saudi Arabia-based telecom stc partnered on Tuesday with Swedish giant Ericsson to deploy 5G standalone (SA) for consumers and enterprises on Ericsson Cloud Native Infrastructure. This move follows a two-year partnership between both telcos signed back in 2019, when the Saudi firm deployed 5G network using Ericsson’s commercial hardware and solutions including radio access network (RAN). The new expansion on stc’s 5G Core (5GC) network, will support both 5G standalone (SA), non-standalone (NSA), in addition to 4G. […]
Popular MENA-based streaming service Anghami, announced on Wednesday six new telco partnerships and offers across Saudi Arabia, UAE, Morocco, Tunisia, and Algeria. Anghami currently boasts over 30 partnerships within the first half of 2021. Choucri Khairallah, Anghami’s Vice President of Business Development spoke to the press about the new updates that will transform Anghami as […]
Electric cars, meet your competition. Electric boats are on the way. Amsterdam didn’t have to look very far when searching for a way to ease traffic on its congested streets. The Dutch capital’s canals were used for transport long before cars and trucks powered by polluting internal combustion engines began clogging its narrow roads. Already […]
Facebook is showing different job ads to women and men in a way that might run afoul of anti-discrimination laws, according to a new study. University of Southern California researchers who examined the ad-delivery algorithms of Facebook and LinkedIn found that Facebook’s were skewed by gender beyond what can be legally justified by differences in […]
The KSA’s Saline Water Conversion Corporation (SWCC) was officially recognized by Guinness World Records for setting its record-setting reduction in energy consumption for water desalination to 2.271 kWh per cubic meter. For the company this represents achieving a pioneer position in promoting environmental sustainability, and that “SWCC achieved this milestone by adopting innovative technologies that […]
Saudi Arabian telecom providers Mobile Telecommunications Company Saudi Arabia (Zain KSA) and Etihad Etisalat Company (Mobily) jointly announced on Thursday plans to merge their telecom towers under a registered entity called Towers Company based in the Kingdom. According to a statement by both telcos, the duo has received in-principal approval from the board of Communications […]
UAE’s Etisalat and Saudi Arabia’s Saudi Telecom (STC) have topped the list of the most valuable telecom brands in the MEA region, just weeks following STC’s highest-ever annual revenue for the past decade. According to Brand Finance Telecoms 150 2021 report, STC’s brand value increased 14 percent to $9.2 billion, jumping five places to 13th […]