Thursday 11 February 2016
 
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Saudi Telecom

Saudi Telecom offers to buy SaleCo stake for $106m

Saudi Telecom Company (STC) has offered to buy the shares in Sale Advanced Company (SaleCo) it does not already own for SR400 million ($106.6 million), it said in a statement on Sunday. STC's bid for the 40 percent stake held

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Saudi Telecom offers to buy SaleCo stake for $106m

Saudi Telecom Company (STC) has offered to buy the shares in Sale Advanced Company (SaleCo) it does not already own for SR400 million ($106.6 million), it said in a statement on Sunday. STC's bid for the 40 percent stake held

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Kuwait's Viva says STC offer not fair

The board of Kuwait's Viva is advising shareholders that the pricing of a takeover offer from Saudi Telecom Company is not fair, but it is up to shareholders to decide whether to sell their shares, Viva said on Tuesday. Saudi

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Kuwait's Viva says STC offer not fair

The board of Kuwait's Viva is advising shareholders that the pricing of a takeover offer from Saudi Telecom Company is not fair, but it is up to shareholders to decide whether to sell their shares, Viva said on Tuesday. Saudi

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STC sets offer price for Kuwait Viva takeover

Saudi Telecom Company (STC) will offer 1 dinar ($3.30) per share to buy out other shareholders in its Kuwaiti affiliate Viva, the former monopoly said on Monday, amounting to a nine per cent discount to Viva's last closing price.

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STC wins Kuwaiti regulator's nod for Viva takeover

Kuwait's Capital Markets Authority (CMA) has approved Saudi Telecom Company's (STC) plan to acquire all the shares of its Kuwaiti affiliate Viva, the market regulator said on Sunday. CMA approval is pending certain conditi

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STC eyes Bahrain market for new initiatives

The Saudi Telecom Company (STC) is in talks with its subsidiary VIVA Bahrain to launch many new initiatives in the Bahraini market, said a top official. STC chief executive Dr Khalid Al Biyari was speaking at a Press conference ma

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Saudi Telecom's Q3 net profit falls 31pc

Saudi Telecom Company (STC), the Gulf's biggest telecom operator by market value, reported a 31 per cent drop in its third-quarter net profit on Tuesday, missing estimates as higher costs and expenses more than offset a growth in revenue.

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STC picks Ericsson for IP network expansion

Saudi Telecom Company (STC) has chosen Ericsson to provide an evolved IP network solution as it seeks to expand and improve its mobile broadband offering in Saudi Arabia. Ericsson will deploy its Evolved IP network:Smart Services

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High dividends driving Saudi telecom sector

The growing data segment and ongoing cost-cutting initiatives are the near-term drivers of Saudi Arabia’s telecom sector while the attractive dividends yield of 4.3 per cent is the sector’s key attraction, a report said.

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