saudi telecom buys 60 stake in saudi firm for 55m
Last Updated : GMT 06:49:16
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Last Updated : GMT 06:49:16
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Saudi Telecom buys 60% stake in Saudi firm for $55m

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Arab Today, arab today 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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saudi telecom buys 60 stake in saudi firm for 55m saudi telecom buys 60 stake in saudi firm for 55m

 



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