Page 17 - SAMENA Trends - February 2020

REGIONAL & MEMBERS UPDATES SAMENA TRENDS

MEMBERS NEWS

stc Launches Its First 5G Smart Campus in Saudi
Arabia

stc has launched its first 5G smart campus range of other industries with diversified speeds and low latency will enable new, and
in the Kingdom of Saudi Arabia. Through and remote infrastructure. “We are very previously un-imaginable 5G-based use
its smart campus initiative, STC intends proud of our continued technological cases. “The new smart campus solution
to offer vertical industries in the Kingdom push to reinforce our leading position in is a clear demonstration of our resolve to
5G-powered services. stc’s new smart the region. STC is determined to bring to nurture original innovations and formulate
campus will enable the introduction of market the most advanced technologies future solutions. Every innovation we
different service standards for enterprises, and solutions, to deliver total digital accomplish is aimed at improving our
oil rigs, gas exploration, educations, transformation. The new advanced smart services to our valued customers. I have
medical treatment, mining, and a whole campus capabilities, coupled with high 5G no doubt that the smart campus solutions
will be another big factor in meeting our
commitments to our national vision 2030,”
said Eng. Nasser S. Alnasser, STC group
CEO. Having launched the first of its smart
campuses, STC will now deliver high
standard service experience guarantees to
a range of customers. With high throughput
and very low latency, the smart campus
will facilitate the introduction of intelligent
applications and advanced use cases such
as: 5G CCTV, Cloud PC (office Application),
cloud gaming, cloud VR (collaboration
and training), 5G live broadcasting
backpack, AR remote assistance and
drone inspection in 5G, delivering a more
enhanced customer experience compared
to existing public networks.

Saudi Telecom Company stc and Vodafone Group Sign a Memorandum of
Understanding in Relation to Vodafone’s 55% Shareholding in Vodafone
Egypt

stc (Saudi Telecom Company) announces it tion, the Parties intend to enter into a Part- its continuing success.” Nick Read, Chief
has signed a Memorandum of Understand- ner Market Agreement, which will include Executive of Vodafone, said: “I am deeply
ing with Vodafone Group Plc2 (“Vodafone”) use of the Vodafone brand, and a range of proud of our business in Egypt, being the
in relation to the potential acquisition of other Vodafone services. Nasser al Nasser, clear number one leader in the market.
Vodafone’s 55% shareholding in Vodafone Chief Executive of stc, said: “The potential Under stc, I believe they will continue to
Egypt by stc. stc and Vodafone (“the Par- acquisition of Vodafone Egypt is in line flourish. This transaction is consistent
ties”) have agreed a cash consideration of with our expansion strategy in the MENA with our efforts to simplify the Group to
US$ 2,392m (SAR 8,970m3) for Vodafone’s region. The transaction, which is still sub- two differentiated, scaled geographic
55% shareholding in Vodafone Egypt, ject to detailed due diligence, confirms regions - Europe and sub-Saharan Africa.
equivalent to a total Enterprise Value of stc’s eagerness to maintain a leadership Additionally, it will reduce our net debt and
US$ 4,350m (SAR 16,312m3) for Voda- position not only in the KSA, but also in the unlock value for our shareholders. We look
fone Egypt. The final consideration will be wider region. Vodafone Egypt is the leading forward to continuing our close relation-
determined upon signing of the definitive player in the Egyptian mobile market and ship with the business through a Partner
agreement. On completion of the transac- we look forward to contributing further to Market agreement, and building on our

17 FEBRUARY 2020