STC and Cisco sign MoU to collaborate on 5G development
Saudi Telecom Company (STC) [7010.SE] and Cisco announced that they had signed a MoU at the Mobile World Congress and intend to collaborate on the development of 5G, according to Globalnewswire. Under the MoU, Cisco will work with STC on its architectural transformation to help it deploy commercial 5G.
Saudi Telecom Company: SAR76.14 as of 27 Feb. 2018, Rating: Neutral, TP: SAR71.00/share, MCap: USD40,608mn, STC AB/7010.SE
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