STC gazes at MENA expansion (Kuwait)CEO of STC quoted that STC eyes Middle East and North Africa (MENA) expansion . $6.7 billion has already spent by Arab world’’s largest telecom firm over the previous 13 months in deals that opened markets spanning from India to South Africa and Turkey. STC said they wanted to buy the 25 percent stake the Oman government is selling in Oman Telecommunications Co (Omantel). “We have a desire for other takeovers, but things depend on their maturity and their right timing and any license in any Gulf Arab country that can be offered could be the subject of our interest,” Chief Executive Saud AlـDuweish, STC, said.
Primarily STC will target markets that offer strong growth potential that would generate sustainable revenues from abroad, he said.
