Saudi Telecom shelves plans to sell mobile towers, says CEO

15/05/2018 Argaam

 

Saudi Telecom Co. (STC), the Kingdom's largest mobile operator, has shelved plans to sell its mobile towers, chief executive officer, Nasser Al Nasser told Argaam.

 

"We are seeking to set up a new partnership project to efficiently manage these towers and make the best out of them," Al Nasser added.

 

The telco is adopting a new strategy aimed at expanding investments in new areas.

 

It’s looking to boosting added value in technical solutions, digital platforms, as well as other applications and content services to improve its lower subscriber base, which has impacted its revenue.

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