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.


Seeking Alpha

STC selects Ericsson for expansion of 4G network

07/03/2018

Ericsson has been chosen by Saudi Telecom Company (STC) Group for a major nationwide expansion of its 4G network in Saudi Arabia, including the deployment of LTE Advanced and Narrow Band-Internet of

Trade Arabia

Saudi Telecom in Cisco alliance to develop 5G

01/03/2018

Saudi Telecom Company (STC) and Cisco have penned a deal designed to pave the way for collaboration for the development of 5G in KSA. The memorandum of understanding (MoU) was signed at the Mobile Wo

Arab News

Saudi Telecom gets 1.5 bln ringgit Islamic loan

08/01/2018

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

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NAYIFAT 13.94 229,739
LUMI 77.50 102,302
ABC 0.35 370,000
A.OTHAIMMARKET 11.90 545,416
ZAINKSA 10.82 1,868,409
RIBL 24.84 6,676,931
ALRAJHI 85.00 7,711,297
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ETIHADETISALAT 50.70 -0.10 (-0.20%)
ZAINKSA 10.82 0.12 (1.12%)
ATHEEBTELECOM 107.40 0.80 (0.75%)
EEC's capital optimization plan to shore up financial position and sustain growth: CEO

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RIYADH: Saudi master developer Emaar The Economic City's SR8.7 billion ($2.32 billion) capital optimization plan is a "strategic response" to its current financial challenges, according to its CEO. <

Saudi Gazette

Arabian Mills set final IPO price at $17.59 per share as CEO details growth vision

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Saudi wheat flour producer Arabian Mills for Food Products Co. has set its final initial public offering price at SR66 ($17.59) per share on the Tadawul main market. During the book-building proces

Arab News

SABIC-MCC joint venture starts output

04/05/2018

SABIC announced the successful completion of the pilot operation of the Methyl Methacrylate Monomer (MMA) and Poly Methyl Methacrylate (PMMA) plants and the commencement of commercial operations.

Saudi Gazette

S&P affirms QIB rating at A-

05/04/2018

Standard & Poor's (S&P) has affirmed QIB's Issuer Credit Rating at A-, Qatar's leading Islamic bank has said in a release. According to S&P, the major contributing factors strengthening QIB's rating

Gulf Times

Qatar National Bank seeks growth in Southeast Asia

05/04/2018

Qatar National Bank (QNB) aims to increase its profit by 5-8 percent this year and loans and investments by 10-12 percent, helped by expansion into faster-growing Southeast Asia markets, its CEO told

The Peninsula