
stc Signs $8.71 Billion Deal to Build and Operate Telecom Infrastructure in Saudi Arabia
stc has signed an SR32.64 billion ($8.71 billion) contract to build and operate telecom infrastructure in Saudi Arabia. The deal spans 18 months for preparation and execution, followed by 15 years of operational management. This move aligns with Saudi Arabia’s Vision 2030 goals and supports the country’s growing telecom sector.