Key Takeaways:
- Saudi Telecom Company (STC) has signed a deal worth 309.7 million riyals ($82.5 million) with Solutions to enhance its internet and communications infrastructure.
- STC holds 79% ownership of Solutions.
- The two-year contract includes building internet infrastructure for STC’s network of data centers.
Saudi Telecom Company (STC) has inked a 309.7 million riyals ($82.5 million) deal with the Arabian Internet and Communications Services Company (Solutions) to develop its internet and communications networks. STC owns 79% of the shares in Solutions. The two-year contract will also see Solutions build the internet infrastructure for STC in Saudi Arabia’s network of data centers.
