STC CEO announces resignation

Nasser Al-Nasser, the CEO of Saudi Telecom Company (STC), has announced his resignation. The telco confirmed that the exec announced his intention to leave the company on November 28. His resignation will be effective from March 28 2021. The CEO is leaving the company a little over two years after his appointment. STC, which is […]

Vodafone agrees US$2.4 billion Egypt sale to STC 

Vodafone looks set to exit the Egyptian market with Saudi Telecom (STC) agreeing a deal to acquire the British telco’s 55% stake in Vodafone Egypt for US$2.4 billion. Vodafone Egypt is the largest telco in the country, with Vodafone being the nation’s largest foreign investor. The operator has a market share of 44% of a […]

Arabsat completes Saudi hub upgrade for STC

Middle East satellite operator Arabsat has completed the implementation of a project with Saudi telco STC to to renew and upgrade the latter’s satellite hub in Riyadh, with the goal of supporting STC’s position in providing premium satellite communication and broadband services to both private and governmental sectors. “The multi-million dollars renewal allows reliable communications […]