BUSINESS | Saudi Arabia’s STC Asks Banks To Pitch For Subsidiary IPO: Sources

MILAN | ITALY – Saudi Telecom Co has asked banks to pitch for roles in a potential public offering of its products and services development arm, three sources familiar with the matter told Reuters. STC, Saudi Arabia’s largest telecoms operator, sent  a request for proposals to international and local banks last week for Solutions by … More BUSINESS | Saudi Arabia’s STC Asks Banks To Pitch For Subsidiary IPO: Sources

BUSINESS | Saudi Telecom Extends Vodafone Egypt Stake Purchase For Second Time

RIYADH | SAUDI ARABIA – Saudi Arabia’s largest telecoms operator Saudi Telecom CO said on Sunday it would need another two months to complete the purchase of Vodafone Group’s 55% stake in Vodafone Egypt. STC signed a non-binding agreement in January to buy the majority stake for $2.4 billion, but extended the process in April … More BUSINESS | Saudi Telecom Extends Vodafone Egypt Stake Purchase For Second Time

BUSINESS | Saudi Telecom Extends Vodafone Egypt Stake Purchase Process By 90 Days

RIYADH | SAUDI ARABIA – Saudi Telecom Co, the kingdom’s biggest telecoms operator, said on Monday it needed more time to complete processes related to a planned deal to buy Vodafone Group’s 55 stake in Vodafone Egypt. Saudi Telecom in January struck a preliminary deal to buy the stake for $2.4 billion, seeking growth in … More BUSINESS | Saudi Telecom Extends Vodafone Egypt Stake Purchase Process By 90 Days