Talks between Saudi Telecom Company and Mobily regarding infrastructure-sharing still ongoing
Talks regarding a potential infrastructure-sharing agreement between Saudi Telecom Company (STC) [7010.SE] and Mobily [7020.SE] are still ongoing, according to Amjad Shacker, General Manager of Corporate Communications at STC. The company will be directing its focus towards cloud computing and e-commerce in KSA in 2017, Shacker added. (Argaam) STC: SAR72.53 as of 27 Dec, Rating: Neutral, TP: SAR68.29/share, MCap: USD38,683mn, STC AB / 7010.SE Mobily: SAR24.50 as of 27 Dec, Rating: Neutral, TP: SAR24.53 per share, MCap: USD5,031mn, EEC AB / 7020.SE
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