GulfBase Live Support
28/02/2017 16:52 AST
Among a number of announcements tonight at Mobile World Congress, Cisco Systems (NASDAQ:CSCO) says it's signed a managed services agreement that extends a longtime relationship with Saudi Telecom Co.
The three-year deal will deliver a Network Operating Center to help STC scale to future customer demands. Terms weren't disclosed.
It's also teaming up with Vodafone Germany (NASDAQ:VOD) to launch GigaTV, a cloud video service for German consumers. It features channels as well as video on demand, and Cisco says that as a cloud service it's able to update functionality for subscribers every two weeks.
A deal with fast-growing Indian wireless firm Reliance Jio provides Jio with an expansion to a multi-terabit, all-IP converged network. Jio has more than 185,000 miles of fiber and offers a premium broadband service to its consumers at $0.15/gigabyte.
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Saudi Telecom Co (STC) has obtained a 1.51 billion ringgit ($378.5 million) Islamic loan through its Malaysian subsidiary, according to a document from arranging banks.
Saudi Telecom, the
Reuters
Ticker | Price | Change |
---|---|---|
ETIHADETISALAT | 50.70 | -0.10 (-0.20 |
ZAINKSA | 10.82 | 0.12 (1.12 |
ATHEEBTELECOM | 107.40 | 0.80 (0.75 |
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