stc and Telefonica Group to Enhance Cooperation Opportunities in the Middle East

stc Group, the leading digital enabler in the Middle East, announced the signing of a strategic partnership agreement with one of the largest telecommunications companies in the world, Telefonica Group, to enhance cooperation opportunities and exchange experiences in various sectors in the Middle East.

This agreement will enable the stc group to cover more than 65 markets in Europe, Latin America, the Middle East and Africa, in partnership with many telecom operators, by joining the Telefonica Group Partner Program.

stc Group and its subsidiaries will work with Telefonica Group to explore joint business opportunities in various technical fields, including cybersecurity, cloud computing, Internet of Things, big data, technology, innovation, procurement services, as well as other strategic areas in the business and individuals sectors.

This agreement is in line with the stc DARE 2.0 strategy, as the agreement aims to cooperate and exchange experiences in the field of artificial intelligence technologies, cyber security, human resources and academics. It will also contribute to enhancing innovation, investments, business efficiency, procurement services and technology Metaverse.

This agreement will raise the level of services provided to customers in the business and consumer sectors. This strategic partnership will serve stc’s regional and global role in building innovative solutions to maintain the digital transformation leadership in the Middle East and North Africa region.

Moeed Al-Salloum, CEO of the New Markets Unit, stc Group

Our cooperation with Telefonica Group aims to improve our digital services for our business in Saudi Arabia, Bahrain and Kuwait, and our subsidiaries. We will work alongside Telefonica Group with members and partners, to build a strategic platform aimed at Strengthening our position and leadership in different markets.

Mazyad Mazyad, General Manager of Business Efficiency in the New Markets Sector, stc Group

We, in the Telefonica Group, are seeking to unify our efforts with stc Group, the largest leading telecommunications company in the Middle East and North Africa, and there was agreement between our goals and stc Group in order to accelerate digital transformation and expand our business scope to provide the best technical solutions and digital services in the market. We are on the I am fully confident that this agreement will benefit both companies.

Mark Evans, Head of Strategy and Development, Telefonica Group

This agreement represents stc Group’s commitment to enhance its investment opportunities in the latest technologies, including the areas of the Internet of Things, cloud computing, and cybersecurity, to support its business and achieve a positive impact in the markets in which it operates through its cooperation with Telefonica Group, one of the largest telecommunications service providers in the world. The company provides fixed and mobile communication services, as well as a wide range of digital services to customers and merchants. Telefonica Group operates in Europe and Latin America with more than 383 million users.