Why data is the ‘oil’ of modern M&A
Merger and acquisitions (M&A) are big in tech and have been so in the digital infrastructure space. So much so that the market often says there is way more...
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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.
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.
Founder and Editor, The Tech Capital
Saudi Arabia and Iraq have set up a data centre in a collaboration designed to promote business dev...
Saudi Arabia is pressing ahead with the development of its US$500 billion smart city Neom as Riyadh...
Saudi Arabia’s mega-project Neom has moved into a new phase of development as data centres are se...