Company Insights Saudi Telecom Company Telecoms Saudi Telecom Company News Analysis Gaming Investment yet to turn a profit in Saudi esports drive Saudi Arabia’s aggressive entry into esports, marked by the $60 million Esports World Cup and the successful bid to host the 2025 Olympic Esports Games, has grabbed global headlines. Yet a multitude of challenges to the commercialisation of esports could blunt the kingdom’s ambitions to become a global force within this thriving new industry. NewsletterGet […] July 23, 2024 Infrastructure Saudi telco STC ends talks to buy Altice Portugal Saudi telecom group STC has ended talks with French-Israeli tycoon Patrick Drahi to buy Altice Portugal after a disagreement over the price. The Public Investment Fund-owned company, which is listed on the Saudi stock market, had offered 8 billion euros ($8.67 billion) for Altice Portugal, the European country’s largest telecommunications player, Portuguese online business site […] July 8, 2024 Economy Saudi PIF is top global investor in first half of 2024 Saudi Arabia’s Public Investment Fund was the highest-spending state-owned investor in the first half of 2024, while three Abu Dhabi institutions were also in the top five. The PIF owns stakes in various domestic companies including Saudi Aramco, Saudi Telecom Co and Saudi National Bank and is spearheading the kingdom’s giga-project development programme. It invested […] July 2, 2024 Infrastructure STC weighs bid for Dutch telecom operator Saudi telecoms conglomerate STC Group has initiated talks to buy the Dutch telecom and pay-TV operator United Group. British private equity firm BC Partners has enlisted advisors to start the sale of United Group, Reuters reported, quoting unnamed sources. STC has begun early discussions regarding a potential transaction, the report added. NewsletterGet the Best of AGBI […] June 4, 2024 Finance Saudi listed companies report Q1 profit rise Businesses listed on the Saudi stock exchange, excluding the state energy giant Aramco, reported an 8 percent rise in first-quarter profits this year, highlighting the continued strength of the non-oil sector as hydrocarbon output is cut. Net profit gains in the banking sector, and for telecoms operator STC and state mining company Maaden, helped to […] May 20, 2024 Infrastructure Report links e& to acquisition of $8.6bn Dutch telco The UAE’s e&, formerly known as Etisalat, is planning to acquire Dutch telecom operator United Group BV as part of its overseas expansion strategy, according to a media report. The Abu Dhabi-listed company has been evaluating a possible purchase of United Group, Bloomberg reported, citing informed sources. Private equity firm BC Partners, the current owners […] May 1, 2024 EXCLUSIVE Tech Batelco in talks to trial 6G technology in Bahrain Bahrain telecommunications giant Batelco is in talks to trial 6th generation (6G) connectivity as the kingdom attempts to cement its position as a technological leader in the region. The island kingdom is among the first countries to have a comprehensive 5G network coverage in most urban areas, with more than 95 percent coverage courtesy of […] April 26, 2024 Infrastructure STC and PIF to bid for Austrian telco tower operator Saudi Arabia’s STC Group and the Public Investment Fund (PIF), the kingdom’s sovereign fund, are likely to jointly bid for the Austrian unit of Cellnex, Spain’s mobile phone tower operator, El Economista newspaper reported. The Austrian unit, owning 4,500 towers, is estimated to be valued at €800 million ($857 million), the newspaper said, quoting unnamed sources. Cellnex’s […] April 26, 2024 Industry Tawal merger to create giant Saudi telecom towers company Saudi Arabia is creating a new telecommunications infrastructure company, which is expected to have 30,000 mobile tower sites and estimated annual revenues of $1.3 billion. The new entity will be created following the merger of Tawal, the largest telecommunications infrastructure company in Saudi Arabia, and Golden Lattice Investment Company (GLIC), which is majority-owned by the […] April 22, 2024 Banking & Finance Saudi Telecom’s pay app to offer full banking service State-owned Saudi Telecom’s pay app has received central bank approval to become a fully fledged digital bank. Part of the kingdom’s fintech expansion strategy, the new STC Bank will offer traditional and Sharia-compliant services fully aligned with the international banking system. The service will be available to a small test group in the coming months […] April 5, 2024 Posts navigation Previous 1 2 3 4 … 7 Next
Analysis Gaming Investment yet to turn a profit in Saudi esports drive Saudi Arabia’s aggressive entry into esports, marked by the $60 million Esports World Cup and the successful bid to host the 2025 Olympic Esports Games, has grabbed global headlines. Yet a multitude of challenges to the commercialisation of esports could blunt the kingdom’s ambitions to become a global force within this thriving new industry. NewsletterGet […] July 23, 2024
Infrastructure Saudi telco STC ends talks to buy Altice Portugal Saudi telecom group STC has ended talks with French-Israeli tycoon Patrick Drahi to buy Altice Portugal after a disagreement over the price. The Public Investment Fund-owned company, which is listed on the Saudi stock market, had offered 8 billion euros ($8.67 billion) for Altice Portugal, the European country’s largest telecommunications player, Portuguese online business site […] July 8, 2024
Economy Saudi PIF is top global investor in first half of 2024 Saudi Arabia’s Public Investment Fund was the highest-spending state-owned investor in the first half of 2024, while three Abu Dhabi institutions were also in the top five. The PIF owns stakes in various domestic companies including Saudi Aramco, Saudi Telecom Co and Saudi National Bank and is spearheading the kingdom’s giga-project development programme. It invested […] July 2, 2024
Infrastructure STC weighs bid for Dutch telecom operator Saudi telecoms conglomerate STC Group has initiated talks to buy the Dutch telecom and pay-TV operator United Group. British private equity firm BC Partners has enlisted advisors to start the sale of United Group, Reuters reported, quoting unnamed sources. STC has begun early discussions regarding a potential transaction, the report added. NewsletterGet the Best of AGBI […] June 4, 2024
Finance Saudi listed companies report Q1 profit rise Businesses listed on the Saudi stock exchange, excluding the state energy giant Aramco, reported an 8 percent rise in first-quarter profits this year, highlighting the continued strength of the non-oil sector as hydrocarbon output is cut. Net profit gains in the banking sector, and for telecoms operator STC and state mining company Maaden, helped to […] May 20, 2024
Infrastructure Report links e& to acquisition of $8.6bn Dutch telco The UAE’s e&, formerly known as Etisalat, is planning to acquire Dutch telecom operator United Group BV as part of its overseas expansion strategy, according to a media report. The Abu Dhabi-listed company has been evaluating a possible purchase of United Group, Bloomberg reported, citing informed sources. Private equity firm BC Partners, the current owners […] May 1, 2024
EXCLUSIVE Tech Batelco in talks to trial 6G technology in Bahrain Bahrain telecommunications giant Batelco is in talks to trial 6th generation (6G) connectivity as the kingdom attempts to cement its position as a technological leader in the region. The island kingdom is among the first countries to have a comprehensive 5G network coverage in most urban areas, with more than 95 percent coverage courtesy of […] April 26, 2024
Infrastructure STC and PIF to bid for Austrian telco tower operator Saudi Arabia’s STC Group and the Public Investment Fund (PIF), the kingdom’s sovereign fund, are likely to jointly bid for the Austrian unit of Cellnex, Spain’s mobile phone tower operator, El Economista newspaper reported. The Austrian unit, owning 4,500 towers, is estimated to be valued at €800 million ($857 million), the newspaper said, quoting unnamed sources. Cellnex’s […] April 26, 2024
Industry Tawal merger to create giant Saudi telecom towers company Saudi Arabia is creating a new telecommunications infrastructure company, which is expected to have 30,000 mobile tower sites and estimated annual revenues of $1.3 billion. The new entity will be created following the merger of Tawal, the largest telecommunications infrastructure company in Saudi Arabia, and Golden Lattice Investment Company (GLIC), which is majority-owned by the […] April 22, 2024
Banking & Finance Saudi Telecom’s pay app to offer full banking service State-owned Saudi Telecom’s pay app has received central bank approval to become a fully fledged digital bank. Part of the kingdom’s fintech expansion strategy, the new STC Bank will offer traditional and Sharia-compliant services fully aligned with the international banking system. The service will be available to a small test group in the coming months […] April 5, 2024
