NEWS
to
FSB, API Exchange
h for Regulators
tes one of the
BIS Innovation
op public goods
ce to enhance
global financial
œuré, Head of the
stc Group and
Nokia sign
a strategic
five-year
Master Frame
Agreement
stc Group and Nokia have signed a fiveyear
Master Frame Agreement (MFA) to
further strengthen their strategic partnership.
The agreement aims to expedite the
buying process of Nokia’s latest equipment,
software and services for stc Group and as
a result introduce innovative services faster
to its subscribers. This will allow stc Group
companies to seamlessly buy advanced
technologies such as 5G, Internet of Things
(IoT), IP and Optical network technologies
and customer experience management from
Nokia’s end-to-end portfolio for mobile and
fixed networks.
For the first time in the region, the
agreement was remotely signed due to
the COVID-19 pandemic, purely relying on
software innovations and demonstrating
the power of AR and AI. These technologies
enabled a virtual signing ceremony in a
digital environment. The agreement was
signed by the signatories Nasser Suliman Al-
Nasser, stc GCEO, and Rajeev Suri, President
and CEO of Nokia.
Nasser Suliman Al-Nasser, stc Group
CEO, said: “This strategic partnership
with Nokia, supports Saudi Vision 2030,
which is focused on leveraging advanced
technologies for Digital Transformation and
growth of the country, and aligns with stc
Rawafed Programme that aims to enhance
local content.”
unch from the
, the Governor of
netary Authority,
: “Alongside the
e look to the global
help mobilise
ressing financial
isory challenges,
g regulatory
nses against the
”
INTELLIGENTCIO
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