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13-Oct-2016

STC forms strategic alliance with General Electric to collaborate on providing various services in KSA

Saudi Telecom Company (STC) [7010.SE] has formed a strategic alliance with General Electric (GE) to collaborate in the field of digital transformation to improve access, quality, costs, and efficiency in all industries and government services in KSA, according to a press release by STC. (Company disclosure)   Saudi Telecom Company: SAR54.52 as of 12 October 2016, Rating: Neutral, FV: SAR68.29 per share, MCap: USD29,077mn, STC AB / 7010.SE  

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