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Saudi Telecom Company is a telecommunications company based in Saudi Arabia that offers landline, mobile, internet services and computer networks.
History
2023: Saudi telecom operator buys 9.9% of Telefonica
On September 5, 2023, Saudi operator Saudi Telecom announced an agreement to acquire a 9.9 percent stake in Spanish telecommunications company Telefonica SA. The transaction amount is approximately €2.1 billion. Read more here.
2021
Vodafone Egypt sold to Vodacom Group for 2.4 billion euros
In November 2021, the South African telecommunications company Vodacom Group announced the purchase of Vodafone Egypt. Earlier, an agreement was concluded on the sale of an Egyptian mobile operator to Saudi Telecom, but this deal ultimately fell through. Read more here.
Purchase of telecom company Vodafone Egypt
At the end of September 2021, it became known that Saudi Telecom began looking for a lender who could finance the purchase of Vodafone Egypt. Read more here.
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