“Solutions” signs contracts for the realization of projects worth 156.18 million riyals with “STC”

The Arab Company for Internet and Communications Services (Solutions) announced that it has signed a series of contracts with Saudi Telecom Company “STC”, worth 156.18 million riyals.

Solutions added, in a statement to Saudi Tadawul today Wednesday that the contracts aim to implement central storage server projects, multi-agreement switching using IPMPLS and network expansion.

The scope of the project includes servers, storage, backup and archive units, professional technical services, licensing, as well as updating old and outdated platforms with modern platforms that enable STC to provide modern services and adequate support to customers, as well as expansion and updating of Basic communication, together with the installation of the new PREAGG connection nodes.

According to the statement, the duration of the contract is up to 24 months and the financial impact on the company’s balance sheet will appear starting in the first quarter of next year 2022.

The Saudi Telecom Company (STC) is the largest shareholder of “Solutions” and owns 79% of the company’s shares.

Read More About: Business News

Follow AsumeTech on

More From Category

More Stories Today

Leave a Reply