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Sep 15 2008

STC cuts workforce

GULF: Saudi Telecom (STC) is to cut 14 per cent of its workforce at home and redouble efforts to expand abroad after being rebuffed by France's Vivendi over a stake in Maroc Telecom .Chief executive Saud Al-Duweish said he hoped Vivendi would have a change of heart after it declined to sell its Maroc stake, and is still keen on a role in the privatisation of Algeria Telecom .

© 7Days 2008

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