NEWS
STC wins 2300 MHz spectrum license to provide
mobile telecommunications services
The acquisition of these
frequencies by the company
is considered an additional
investment that is intended to
increase the capacity of the
mobile network significantly
in order to meet the increase
demand of services and to
increase the speed and quality
of the Internet.
S
audi Telecom Company (STC) has
announced that it has won the auction
for the 2300 MHz spectrum license for a
period of 15 years for a total value of 360
million Saudi riyals.
STC received notification from the
Communications and Information
Technology Commission that it had won
the auction on frequencies organised and
managed by CITC. The money will be paid
in equal instalments over 15 years starting
from January 1 2020.
This investment will be internally-financed
from the company and is not expected to
have a material impact on the company’s
financial results.
In addition, it will provide
the best telecommunications
services in line with the latest
technologies in the field of
telecommunications and information
technology to meet the current and future
customers’ expectations.
Such investment supports the company’s
strategy to develop its networks within
the Kingdom, which contributes to the
achievement of the objectives of the
Kingdom’s vision of 2030.
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Canon Saudi Arabia highlights commitment to
print innovation at Saudi Print and Pack 2019
C
anon Saudi Arabia (CSA) has showcased
its range of innovative print solutions at
the Saudi Print and Pack event at the Jeddah
Center for Forums and Events.
At the first event since formally
establishing direct operations in KSA,
Canon Saudi Arabia has emphasised its
commitment to helping customers in the
Kingdom thrive by providing after sales
support directly from the company, in
addition to direct advice on products and
services from Canon professionals.
At the event, the company presented six
experience zones to highlight the opportunities
available to commercial print partners as well
as print departments of all sizes.
CSA, reporting to regional headquarters
Canon Middle East, was formally established
in 2018 to strengthen the company’s
regional presence and provide robust
10
INTELLIGENTCIO
on-ground support to customers and
partners in the Kingdom. The company’s
largest regional direct presence operates
from Riyadh with two branches in Jeddah
and Khobar. Shadi Bakhour, Business Unit
Director, B2B, Canon Middle East, said:
“Establishing direct operations in KSA is
testament to Canon’s customer centric
approach to help businesses go beyond the
implementation of technology and ensure
long term success. Banking on our years of
expertise in this sector, we look forward to
being the partner of choice for businesses in
the Kingdom looking to take advantage of
the productivity, quality and flexibility that
digital printing technology delivers.”
www.intelligentcio.com