Saudi Telecom Company’s (STC) [7010.SE] board of directors have approved the purchase of the remaining 29% stake in its subsidiary, Intigral, a digital media company, for SAR37.5mn. The transaction will be financed through STC’s own resources. STC currently owns 71% of the company. The move is in line with the company’s strategy to focus on growing its digital content service platform, according to the company disclosure. In other news, STC is considering selling its 25% stake in Binariang GSM Sdn (Binariang) which in turn owns 65% of Maxis Bhd (Maxis), according to sources familiar with the matter. STC’s effective stake in Maxis is 16.25%. It is worth noting that the company hasn’t instigated a formal auction process yet. However, STC may also opt to keep the stake, according to the sources. (Company disclosure, Bloomberg)   Saudi Telecom Company: SAR56.95 as of 21 September 2016, Rating: Neutral, FV: SAR68.29 per share, MCap: USD30,373 mn, STC AB / 7010.SE