Thursday 24 April 2014
 
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STC

Saudi Telecom picks banks for debut sukuk

Saudi Telecom Co (STC) , the Gulf's biggest telecom operator by market value, has picked three banks to manage its debut Islamic bond offer, banking sources aware of the transaction told Reuters on Wednesday. It has chosen JP

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Saudi Telecom profits jump 54pc to $637m

Saudi Telecom Co (STC), the Gulf's No 1 telecom operator by market value, reported a 54 percent jump in first-quarter profit as provisions and losses from foreign units fell and it sold some assets. The firm, which competes do

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STC signs deal for SAP network solutions

Saudi Telecom Company (STC) has signed up SAP, a global leader in business software, to implement solutions for network life-cycle management (NLM) to improve its network operations. The solution will improve STC’s customer

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Saudi Telecom to lift curtain on new film releases

Hollywood has missed out since Saudi Arabia banned cinemas in the 1970s, but residents may soon get to see movies at home on the same day as their release elsewhere in the Gulf in a new service promised by Saudi Telecom Co (STC).

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Telcos claim 55pc of profit growth in Saudi

The telecom sector of Saudi Arabia claimed 55 per cent of the overall profit growth of the listed companies, a report said. The sector posted profits of SR14.8 billion ($3.95 billion) in 2013 as against SR11.3 billion in 2012, mar

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STC profit lifted by accounting change

Saudi Telecom Co's (STC) fourth-quarter profit rose more than expected after it changed its method of accounting for an Indian unit, the Gulf's No.1 telecom operator said. Saudi Telecom reported a net profit of 3.62 billio

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Egypt Telecom denies plans to sell Vodafone stake to STC

Egypt Telecom, the country's main telephone company, has denied media reports that it is planning to sell its 45 per cent stake in Vodafone Egypt to Saudi Telecom Company (STC). The news, however, drove the Egyptian company's shares to a

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STC to take ownership of Wataniya's Saudi unit

Saudi Telecom Co (STC) has agreed to take full ownership of push-to-talk communications firm Bravo in a deal that will see Bravo's current owner Wataniya also pay STC $65 million to settle outstanding dues. Push-to-talk is a t

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Malaysian firm to buy Saudi Telecom stake in Axis

Malaysia's Axiata Group will buy Saudi Telecom's Indonesian unit, boosting its presence in Southeast Asia's largest economy and hastening further consolidation in its over-crowded telcoms sector.   Th

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STC unit picks Moelis to advise on $1.2bn loan

Saudi Telecom's (STC) Indonesian unit has picked Moelis & Co to advise it on negotiations with lenders as the operator steps up efforts to restructure a $1.2 billion Islamic loan, two sources familiar with the matter said.

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