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FINANCIAL NEWS
Saudi Telecom seeks acquisitions in 2012
24 Oct 2011
(MENAFN) Saudi Telecom Co CEO unveiled plans for major acquisitions in the Middle East next year, Arabian Business reported.
The largest mobile operator in Saudi Arabia aims to take advantage of a buyer’s market to expand its regional presence.
The foreign push comes amid stiffening competition at home from rivals Mobily and Zain Saudi.
STC currently owns 80 percent of Indonesia’s Axis, 35 percent of Turkey’s Oger Telecom and a one-quarter stake in Malaysia’s Maxis Bhd, and has mobile licenses in Kuwait and Bahrain.
More News
08 Apr 2026
BBK awards over BD 1 Million to 273 winners in the February Al Hayrat Grand Prizes draw
01 Mar 2026
BBK activates partial remote working system for its workforce to ensure employee and customer safety and service continuity
24 Feb 2026
BBK discloses its financial results for the year ended 31st December 2025
05 Feb 2026
BBK announces December Al Hayrat Grand Prize winners and another wave of Grand prizes for February
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