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Saudi Telecom to sell Indonesia unit as profit dropsSaudi Telecom Co (STC) has begun steps to sell its Indonesian business, banking sources said on Monday, as the state-owned firm posted a 41-percent drop in second-quarter profit. Saudi Telecom has invested heavily in its Indonesia More… |
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Qtel Q1 profit down 12pc to $195 millionQatar Telecom (Qtel) group's net profit decreased 12.2 per cent to QR711.4 million ($195.37 million) in Q1, compared to QR810.8 million during the same period last year, mainly due to foreign exchange losses in its Indonesian unit, the More… |
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Saudi Telecom plans big Mena acquisitionsSaudi Telecom Company (STC), the Kingdom's leading telecom company, will embark on a major acquisition drive in the Middle East region in the short term, according to a top financial expert. Riyadh Capital Group in latest report said&n More… |
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STC Indonesia unit secures $1.2bn fundingSaudi Telecom Company (STC), said its Indonesian unit Axis has secured $1.2 billion in financing to help fund its expansion and growth strategies for the next five years. The finance deal, with a tenor of seven and a half years, involves s More… |
