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Saudi Telecom Company (STC) has inked a 309.7 million riyals ($82.5 million) deal with the Arabian Internet and Communications Services Company (Solutions) to develop its internet and communications networks.
STC owns of 79% of the shares in Solutions. The two-year contract will also see solutions build the internet infrastructure for STC in Saudi’s network of data centres.
(Writing by Bindu Rai, editing by Seban Scaria)
