Europe tower market targeted in €1.2B stc move
Saudi Arabia-based stc struck a deal worth €1. 2 billion to acquire a portfolio of 4,800 towers from United Group, marking its infrastructure unit Tawal’s entrance into the European market.
STC lands on Omnispace for 5G satellite play
Saudi Telecom Company (stc) penned an agreement with US-based Omnispace to develop satellite-to-phone communications services using space-based 5G connectivity in its home market of Saudi Arabia.
STC snaps up Pakistani tower business
Saudi Telecom Company (STC) tower unit Tawal made its first foray outside its domestic market with the 100 per cent acquisition of Pakistan-based independent tower company Awal Telecom, and indicated further acquisitions could lie ahead.
STC majority shareholder completes $3.2B share sale
Saudi Arabia’s Public Investment Fund (PIF) sold a 6 per cent stake in operator STC for SAR12 billion ($3. 2 billion) through a public offering, leaving the shareholder with a stake of 64 per cent.
STC majority shareholder targets $3B stake sale
Saudi Arabia’s Public Investment Fund (PIF) detailed plans to sell a 5 per cent stake in operator STC, progressing a strategy announced earlier this year to cut its share while maintaining a controlling interest in the company.
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