Riyadh: Saudi Telecom Company (STC) on Tuesday announced signing partnership agreements with three international telecoms companies, namely Huawei, Ericsson, and Nokia.

STC said that this transaction is deemed a considerable development in its strategic partnership with the international telecommunication operators which will contribute to expanding its next investments, according to the Saudi telecommunications firm's statement.

Nokia, Ericsson, and Huawei will help STC in expanding and improving mobile networks, cloud computing, information technology, and computer security projects, the statement showed.

STC last reported a 2.1% profit increase to SAR 2.59 billion during the first three months of 2018, compared to SAR 2.54 billion in Q1-17.

Source: Mubasher

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