Telecom Operators

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.

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.

Virgin Mobile UAE has announced the appointment of Rob Beswick as the new managing director.

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.

Karim Benkirane has been appointed by du as the new Executive Vice president Head of Digital Transformation.

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.

stc Bahrain has signed a partnership with China Telecom Global (CTG) for seamless global connectivity services, which will be augment the digitization of economies in the Middle East and North Africa (MENA) region.

Ookla, known for its world renowned internet ‘SpeedTest’ has announced that Zain KSA is the winner for the “fastest fixed internet”.

Telecom Egypt's consolidated revenue rose 15 percent year on year in the first quarter to 31 March to EGP 7 billion from EGP 6.09 billion in Q1 2019.