Page 27 - SAMENA Trends - March-April 2022

REGIONAL & MEMBERS UPDATES SAMENA TRENDS

stc's Expansion Strategy Results in a US$158 Million Acquisition Deal

In continuation of stc Group’s strategy enables solutions by stc to expand in transformation in the Kingdom, which is
of expansion and digital services, and global markets and move forward towards witnessing huge and qualitative leaps in
after the success achieved in the IPO achieving the goals of the company and light of Vision 2030, which places digital
of solutions by stc, “solutions by stc” stc group's strategy. It is the first step of its transformation as one of the main pillars
announced its intention to acquire Giza kind for solutions to enhance its position to achieve it, as solutions plays a leading
Systems Company, by signing solutions inside and outside the Kingdom as a role in enabling digital transformation
a binding offer with Energy Technologies pioneer in digital transformation through its and contributing to Shaping the new
to acquire a percentage of 89.49% of Giza international investments. This acquisition digital future in the Kingdom, by providing
Systems Company LLC, which is owned is also an extension of solutions' plans innovative and integrated digital solutions
by Energia Technologies. Also, solutions to create expansion in new markets and being the technical arm of stc Group.
by stc will acquire 34% of the stake owned business lines, with the aim of meeting the It also represents a strategic step for
by Giza Systems Company (LLC) in Giza needs of its clients in the public and private external expansion and an opportunity
Arabian Systems Company Ltd., with a sectors. The acquisition of “Giza Systems” to consolidate and enhance the
total value of 158 million dollars. This comes within the expansion plans of Kingdom's position and the strength of
acquisition represents a strategic step stc Group to continue to lead the digital its telecommunications and information
technology sector, as an extension of the
leadership of stc Group. Giza Systems
is a pioneer in information technology
and offering technical solutions with
more than forty years of experience, as
it has developed into a regional force in
enabling digital transformation, systems
integration, and emerging technologies
in the Middle East and Africa. And that
through its offices in each of the Kingdom,
the United Arab Emirates, Qatar, and the
United States of America and its wide
customer base in more than 25 countries.

stc Earns the Excellence GTI Award and Signs Innovative Technology
Partnerships

stc Group, the Saudi digital enabler in The partnerships with Ericsson, Nokia, generation network and the Internet of
KSA and the region, earned the Excellence Huawei, Intel, Cisco and Microsoft, were Things. As stc always seeks to develop and
Award organized by the Global TD-LTE the most prominent, in addition to other innovate digital systems, the group signed
Initiative (GTI), for its contribution to companies, in a step to expand and a memorandum of understanding with
the innovative “Smart IoT Ecosystem”. develop 5G networks, cloud services, edge Microsoft Arabia to cooperate in the areas
The award was announced during the computing, and accelerate the open digital of digital systems development strategies.
“GTI Online Summit 2022” that was held infrastructure, as well as to establish The collaboration includes developing a
as part of the Mobile World Congress a "Disaster Recovery Data Center", digital platform (MEC) that provides 5G
(MWC22) event in Barcelona. stc was that aims at enhancing the customer services based on cloud communications
presented and honored through this award experience and enabling the Kingdom’s - and developing new applications and
for its dedication towards its significant digital transformation. stc’s agreements business models. The memorandum
contribution to providing innovative mobile with Ericsson focused on researching the aimed at supporting the fifth-generation
services, applications, and solutions capabilities of 5G network technologies, services for stc customers, using artificial
enabled by 4G, 5G and Enterprise Network enhancing network performance and intelligence (AI) technologies and the
Solutions technologies for consumers supporting its deployment in the Kingdom, huge database which will pave the way
and verticals. Furthermore, stc signed a which will provide stc subscribers with for improving the customer experience
number of partnerships with the world's higher data speeds, as well as enabling and enhancing the quality of many instant
leaders of the communications, networks a range of new applications with low services. stc is constantly and rapidly
and information technology industries, response time, and transforming the current expanding the use of cloud technology to
during its participation in the Mobile structure into an open digital structure to maintain its competitive edge, innovation
World Congress (MWC22) in Barcelona. support Innovative services for the fifth- and transform interactions with digital

27 MARCH-APRIL 2022