Saudi Telecom Company (stc) signs $8.7 billion Contract

Saudi Telecom Company (stc) announces the signing of contract with a Government entity related to telecommunications infrastructure services.

The value of the contract is SAR 32.64 billion.

As part of the contract, stc will build, operate and provide telecommunications infrastructure services.

The duration of the contract is 18 months period for preparation and execution, followed by 15 years of project operation period.