BRIEF-STC Signs Strategic Partnership Agreement With AST SpaceMobile

STC -0.14%

STC

7010.SA

42.42

-0.14%

Oct 29 (Reuters) - SAUDI TELECOM COMPANY 7010.SE:

  • SIGNING OF A STRATEGIC PARTNERSHIP AGREEMENT TO PROVIDE SPACE - BASED TELECOM SERVICES WITH AST & SCIENCE

  • CONTRACT VALUE MAY EXCEED 9% OF STC’S REVENUES OF 2024

  • AGREEMENT INCLUDES A COMMERCIAL PARTNERSHIP TO PROVIDE SATELLITE COMMUNICATIONS SERVICES ACROSS THE KINGDOM OF SAUDI ARABIA AND SEVERAL COUNTRIES IN THE MIDDLE EAST AND AFRICA, RELYING ON AST SPACEMOBILE TECHNOLOGY FOR DIRECT CONNECTIVITY TO UNMODIFIED SMART DEVICES

Source text: ID:nSSE1S72HZ

Further company coverage: 7010.SE


((Reuters.Briefs@thomsonreuters.com;))

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