Feb 07, 2021
Singing a settlement agreement between Saudi Teelcom Company (stc) and Etihad Atheeb Telecommunication Company (GO)
Saudi Telecom Company (stc) signed an agreement with Etihad Atheeb Telecommunication Company (GO) to settle the previous balances and dues. This agreement has been reached after intense and continuous negotiations between the two parties during the previous period, which resulted in an agreement to settle the dues and balances in a way that serves both parties’ interest.
It is expected that this agreement will help Atheeb to move forward in developing and supporting their business, increasing their competitiveness and improving their infrastructure in line with the customers’ aspiration and the Kingdom's global position in telecommunication sector. This agreement will have a positive impact on the telecommunications sector as a whole by helping to achieve its goals and objectives as one of the most vital and growing sectors in the Kingdom and by increasing its contribution to the GDP in line with the indicators related to the Kingdom's Vision 2030.
- HRH the Chairman of the Board of Directors and the CEO of stc congratulate the Custodian of the Two Holy Mosques on the success of the extraordinary 1442 AH Hajj season
- 48% expansion in 5G coverage and 33% increase in international channels in Holy Sites
- 220% Increase in Pilgrim Data Traffic in Mount Arafat
- Mecca: 96% of internet traffic in Mina relies on the 5G and 4G networks