Middle East Politics.Net » Saudi Telecom http://middleeastpolitics.net Facts, News, Trends, Analysis Tue, 12 Jan 2010 20:56:32 +0000 en hourly 1 http://wordpress.org/?v=3.2.1 Saudi Telecom Company Looking to Expand Into N. Africa http://middleeastpolitics.net/2008/09/16/saudi-telecom-company-stc-looking-to-expand-over-region/ http://middleeastpolitics.net/2008/09/16/saudi-telecom-company-stc-looking-to-expand-over-region/#comments Mon, 15 Sep 2008 20:21:33 +0000 Holly MacGillivray http://middleeastpolitics.net/?p=448 The Saudi Telecom Company (STC) is planning to pursue expansion into foreign markets, focusing mostly on North Africa.  Currently STC is interested in a branch in Morocco, while continuing efforts into gaining control over the Algerian market, even though the privatization of Algerie Telecom has stalled.  STC already has stakes in Turkish, Malaysian and South African telcom systems and is starting operations in Kuwait in less than 2 months.  However, in order to continue to lower costs, the company is planning to cut jobs by 14% — approximately 3,000 jobs.

Holly MacGillivray

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