Saudi Telecom buys 60% stake in Saudi firm for $55m
Riyadh - Arabstoday
Saudi Telecom Company (STC) has bought a 60 percent stake in Sale Distribution and Communications for SR208m ($55m) to strengthen its sales services, the telecom operator said on Wednesday. Riyadh-based Sale is a leading retailer of mobile telephone connections in Saudi Arabia, STC said in a statement it posted on the website of the Saudi bourse. The operator, which is partly state owned, said it would finance the sale itself.
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Bucharest - SANA
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Moscow - TASS
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London - DPA
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Spain - DPA
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Dubai - Arab Today
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All rights reserved to Arab Today Media Group 2021 ©
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