Page 19 - SAMENA Trends - October-December 2024

REGIONAL & MEMBERS UPDATES SAMENA TRENDS

MEMBERS NEWS

stc Group Named Best Middle Eastern Connec-
tivity Provider at Capacity Europe 2024

stc Group has concluded its participation Another Memorandum of Understanding national carrier industry. Throughout the
as a Digital Enabler at Capacity Europe was forged with China Unicom, aimed at event, stc Group showcased its wide array
2024, held in London from October 15-17. bolstering regional connectivity and driving of digital services, including IoT, as well as
The Group’s participation emphasized IoT innovation. Furthermore, stc Group its international voice service capabilities.
its commitment to pioneering global earned the GLF Code of Conduct anti-fraud The Group highlighted its role as a gateway
connectivity and in telecommunications certification for 2024. This achievement for international data traffic, leveraging
innovation. During the event, stc Group underscores stc Group’s standards of Saudi Arabia's strategic position at the
was recognized with two prestigious transparency and integrity in the inter- crossroads of Asia, Africa, and Europe.
Global Carrier Awards: Best Sales Team
Globally and Best Middle Eastern Connec-
tivity Provider. These accolades reflect the
Group’s excellence in delivering cutting-
edge solutions and reaffirm its position
as a leader in the telecom industry. These
awards are a testament to stc Group’s
commitment to excellence in global
connectivity and innovation, further high-
lighting its role as a key digital enabler
across the region. At the event, and in line
with its commitment to drive digital trans-
formation, stc Group forged a number
of new agreements which included an
agreement with Cubic Telecom, aiming
to enhance connectivity through stc's
IoT platforms, APIs, and GSM services.

stc Group’s “tali Ventures” Leads US$10 million Investment in Series B
Funding for NorthLadder

tali ventures, stc Group’s corporate proven its business model and growth vibrant entrepreneurial ecosystem across
venture capital arm, and NorthLadder, a potential. The investment was led by its operating markets and supporting a
leading device trade-in platform in over 10 stc Group’s corporate venture capital more sustainable future. Over the past
countries, has announced the successful arm, tali ventures, with additional funds 18 months, NorthLadder has emerged
completion of a US$10 million Series B from Dutch Founders Fund and Crescent as the leading trade-in player in over
investment round. Series B funding is a Ventures. stc Group is a leading digital 10 countries, serving major telecom
stage in the funding process and typically enabler and this investment demonstrates companies, retailers, e-commerce players,
occurs after a company has successfully the Group’s commitment to fostering a and Original Equipment Manufacturers
(OEMs). The company has introduced a
variety of service offerings, including some
industry firsts, delivering exceptional value
to both customers and retail partners. The
funding will primarily fuel NorthLadder's
global expansion efforts and the continued
development of its state-of-the-art trade-
in platform. NorthLadder has recently
established its European operations in

19 OCT-DEC 2024