All Saudi Arabia articles
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Strategy & ChangeAll eyes on Read as e& acquires $4.4bn Vodafone stake
Chief Executive Nick Read ‘blindsided’ by announcement ahead of Tuesday’s annual results call.
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Network & Infrastructure
DT committed to high‑flying partner despite write‑down
HAPS specialist Stratospheric Platforms remains loss making, but DT stays on board. Pilot in Saudi Arabia beamed a 5G signal from a mast 45,000ft in the air.
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Network & Infrastructure
High‑flying DT partner pilots stratospheric 5G network
Stratospheric Platforms claims success in a demonstration of its High Altitude Platform System, beaming a 5G signal from a mast 45,000ft in the air. The DT investment and strategic partner ran the pilot above Saudi Arabia.
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Partnerships & Alliances
Telefónica Tech teams with STC for security services
Strategic collaboration agreement with Saudi operator. Move follows security tie‑ups in Southeast Asia.
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M&A
Vodafone Egypt sale reaches impasse; adverse event or powerplay?
Vodafone and stc ‘keep the dialogue open’ as MoU expires. Telecom Egypt denies it has a role in enabling deal, but Vodafone’s dysfunctional local partnership appears to be complicating matters again.
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M&A
BT Global finalises French offload to Computacenter
Asset-light playbook repeated. BT to continue serving MNCs and retain local SoC.
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M&A
Vodafone Egypt sale hit by further delay
stc seeks two more months, with due-diligence and funding in the frame. Telecom Egypt remains thornily enigmatic.
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M&A
BT exits Saudi JV
30-year relationship trimmed back as part of BT’s broader global operations revamp. Transformation process also sees closure of branch in Abu Dhabi.
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M&A
Vodafone’s Egypt sell-off hits road bump
Vodafone’s plan to sell its majority stake in Vodafone Egypt (VfEg) came up against a road bump
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Strategy & Change
Vodafone's Egyptian exit agreed as Read’s scale-back continues
STC to pay $2.4bn for controlling stake in Vodafone Egypt, at modest valuation. Deal aimed to close by mid-2020. Groundwork of _VOIS Egypt separation previously completed.
