#STC Group

RED SEA GLOBAL - STC GROUP

stc Group inks strategic partnership with Red Sea Global

The agreement aims to facilitate digital transformation and empower tourist destinations along the Red Sea coast

Saudi Arabia’s stc Group 9.9% Telefonica stake

stc Group sticks to plan for 9.9% Telefonica stake, sources say

The telecoms operator amassed a EUR2.1bn ($2.23bn) stake, consisting of 4.9 per cent of Telefonica’s shares and financial instruments in September

Telefónica

Saudi telecom acquires 9.9% interest in Spain’s Telefónica

Telefónica benefits from a portfolio of infrastructure assets and technology platforms, where it is developing capabilities in areas such as cognitive intelligence, edge computing and IoT