stc owns 79% of solutions, making it the company’s largest shareholder
Arabian Internet and Communications Services Co. (solutions) signed a SAR 484.78 million contract with stc on May 30 to establish and develop internet and communications networks for the telecom firm. 
The scope of work includes expanding stc’s internal internet network, covering both existing and new network elements, in addition to internet services projects serving stc’s business units, solutions said in a statement to Tadawul.
The contract also covers meeting industry requirements related to stc’s internet network by installing data-transfer devices, along with increasing the capacity of internal and international networks to support 5G services.
solutions will also replace old devices that are no longer supported by suppliers, and enhance infrastructure for virtual broadband devices.
It will establish internet infrastructure at new data centers in Khamis Mushait, Dammam, Qassim and northern Riyadh; and supply, install, integrate and test equipment, tools, software and systems.
The contract will run for 36 months, with the related financial impact expected to appear starting in Q3 2026.
stc is solutions’ largest shareholder, with a 79% stake, the statement added.
stc owns 79% of solutions, making it the company’s largest shareholder
Arabian Internet and Communications Services Co. (solutions) signed a SAR 484.78 million contract with stc on May 30 to establish and develop internet and communications networks for the telecom firm.
The scope of work includes expanding stc’s internal internet network, covering both existing and new network elements, in addition to internet services projects serving stc’s business units, solutions said in a statement to Tadawul.
The contract also covers meeting industry requirements related to stc’s internet network by installing data-transfer devices, along with increasing the capacity of internal and international networks to support 5G services.
solutions will also replace old devices that are no longer supported by suppliers, and enhance infrastructure for virtual broadband devices.
It will establish internet infrastructure at new data centers in Khamis Mushait, Dammam, Qassim and northern Riyadh; and supply, install, integrate and test equipment, tools, software and systems.
The contract will run for 36 months, with the related financial impact expected to appear starting in Q3 2026.
stc is solutions’ largest shareholder, with a 79% stake, the statement added.
