" /> " /> " />

Saudi Telecom's improving domestic performance may slow overseas expansion

10 March 2012

Saudi Telecom Co (STC) has said its rising domestic revenues may lead it to slow its overseas expansion where it faces a tougher operating environment and limited buying opportunities, Reuters has reported. "We are concentrating on ICT (information communication technology) in our local market as well as in other markets we operate in," Saad al-Qahtani, group chief executive for strategic operations, told reporters at a conference in Doha. "We are more worried about that than expansion."

A MEED Subscription...

Subscribe or upgrade your current MEED.com package to support your strategic planning with the MENA region’s best source of business information. Proceed to our online shop below to find out more about the features in each package.

Get Notifications