Saudi Telecom Company (stc) signed an agreement with Etihad Atheeb Telecommunication Company (GO) to settle the previous balances and dues.
Theagreement has been reached after intense and continuous negotiations between the two parties during the previous period, which resulted in an agreement to settle the dues and balances in a way that serves both parties’ interest.
It is expected that the latest agreement will help Atheeb to move forward in developing and supporting their business, increasing their competitiveness and improving their infrastructure in line with the customers’ aspiration and the Kingdom’s global position in the telecommunications sector.
The agreement will have a positive impact on the telecommunications sector as a whole by helping to achieve its goals and objectives as one of the most vital and growing sectors in the Kingdom and by increasing its contribution to the GDP in line with the indicators related to the Kingdom of Saudi Arabia’s Vision 2030.
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