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stc launches $1bn Mena Hub digital infrastructure subsidiary

The new business division will house data centres and subsea cables as the company warns of more investment to come into the segment as the Kingdom looks at data as the new oil.

By João Marques Lima

Founder and Editor, The Tech Capital

4 Mins

February 03, 2022 | 1:24 AM GMT

Saudi Arabia’s largest telecom player Saudi Telecom Company (stc) (TADAWUL: 7010) said it will place its data centre portfolio as well as international and regional connectivity assets into a new wholly-owned subsidiary.

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João Marques Lima

Founder and Editor, The Tech Capital

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