stc and Virgin Mobile Saudi Consortium LLC “Virgin Mobile KSA” signed a long-term agreement to continue their strategic relationship. Both companies were represented by Mohammed Alabbadi, Chief Wholesale Officer of stc and Yaroob Al-Sayegh, CEO of Virgin Mobile KSA. This agreement comes as an amendment to extend the Mobile Vitual Network Operator Agreement, which was established in 2014. Under this extension stc will continue to provide Mobile Virtual Network services to Virgin Mobile KSA, along with some new terms in line with the market changes and dynamics of the digital era. The new terms provide Virgin Mobile KSA with more strength and capabilities to answer the local market demand now and in the future.
This agreement comes as a continuation and confirmation of the successful strategic partnership between the two parties that started in 2014, when Virgin Mobile launched its services as a virtual network operator in the Kingdom of Saudi Arabia, while using stc’s network. Under this appendix, Virgin Mobile KSA will continue to provide telecommunication services to its customers through stc’s mobile network that covers wider areas through advanced technologies for the upcoming years.
This partnership will also contribute to expand Virgin Mobile KSA’s reach and the spread of its technology services throughout KSA, as well as enabling all society segments to benefit from the high-quality services made available at competitive prices.
“stc is keen to build such successful partnerships with strategic associates. We are pleased to collaborate and extend our provisioning, as stc constantly seeks to be the preferred partner to such huge corporations locally, regionally and internationally. We are also pleased to serve the industry in KSA through our capabilities all the while supporting Virgin Mobile’s vision. With this partnership, the two ends will expose their mutual competences to contribute to KSA Vision 2030”, said Mohammed Abdullah Alabbadi, Chief Wholesales Officer, stc.
Adding from his side, Yaarob Al-Sayegh, CEO of Virgin Mobile KSA said, “Extending the agreement with stc will provide powerful growth opportunities and development tools, as well as the capacity to expand our services and products. We plan to move into new technology fields in the local market, with the aim of doubling our existing customer base and enhancing our consumers’ experience.”
Source: Press Release