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FINANCIAL NEWS
STC negotiates for selling Axis
17 Aug 2013
(MENAFN) SAUDI ARABIA: Saudi Telecom Company (STC) and PT Axis Telekom Indonesia are still working on shares selling plan, according to Arab News.
STC said: “In reference to the news reports that have recently been circulating in some local and foreign press, which mention that STC is seeking to restructure the loans of Axis Indonesia, where STC is the majority shareholder, STC would like to emphasize that there is no new significant development to be pointed out beyond what has already been announced earlier by STC on July 21, 2013 on the Saudi Stock Exchange (Tadawul).”
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