Omnispace, Viasat, Lacuna to deliver open-standards IoT
Omnispace and Lacuna Space are teaming up to deliver a global, open standards-based IoT service to enable direct-to-device connectivity. After ...
Tag: STC (Saudi Telecom Company)
Middle East offers rich opportunities for cloud and data center companies
As the Middle East grows in importance as a hub for connectivity, cloud providers, data center builders and terrestrial telecommunications ...
Subsea cable to boom amid capacity constraints with big tech and infrastructure fund interest
With a projected USD8bn in investments in subsea cables over the next three years, the cable-laying industry will face capacity ...
Etihad Etisalat and Saudi Telecom solicit advisers as tower deal moves forward
Etihad Etisalat and incumbent Saudi Telecom are reportedly seeking an adviser as the duo forges ahead with their strategy to merge their infrastructure assets. ...
Zain to shed tower assets after Middle East conflicts spur financial woes and management shuffle
Zain aims to slash debt by selling its tower infrastructure to a local Kuwaiti buyer amid changes in management after disappointing ...
Banks discard Saudi Telecom solution for Turkish debt problem
Lenders have reportedly abandoned Saudi Telecom’s proposal to resolve a dispute over an instalment payment missed by Otas last year prolonging the debt stalemate. ...
Saudi Telecom buys towers from Etihad Atheeb Telecom after MoU with Mobily goes cold
Market incumbent Saudi Telecom has agreed to purchase an undisclosed number of towers from fixed-line operator Etihad Atheeb Telecom for SR230m (US$61.3m). The deal ...
Saudi Telecom to loan US$160m to cover Ojer Telekomunikasyon’s default
Saudi Telecom has reportedly offered a US$160m loan to subsidiary Ojer Telekomunikasyon to pay interest on an instalment it defaulted on last year. ...
Mobily looks to new CEO Ahmed Abdelsalam Abdelrahman to return to growth
Saudi Arabia’s Etihad Etisalat (Mobily) has hired Ahmed Abdelsalam Abdelrahman to replace Ahmad Farroukh as CEO as it works to ...
Saudi Telecom hires JP Morgan to look at Oger Telecom options
Saudi Telecom (STC) has reportedly hired JP Morgan to consider increasing its stake in Türk Telekom’s largest shareholder Oger Telecom. The deal would help Oger Telecom ...
