Riyadh – Mubasher: Arabian Internet and Communications Services Company (solutions) inked a SAR 142.40 million deal with Saudi Telecom Company (stc) on 21 April 2025, according to a bourse filing.
The deal covers establishing and developing the internet and communications networks for stc, including the expansion of new and existing NEs.
On its part, solutions will increase the capacity of the internal network to accommodate the growth in the RAN services.
As of 31 December 2024, the net profits of solutions jumped by 33.98% year-on-year (YoY) to SAR 1.59 billion from SAR 1.19 billion.
