Arabian Internet and Communications Services Company (solutions) announces the signing of a contract with Saudi Telecom Company (stc) (Related Party)
| Element List | Explanation |
|---|---|
| Introduction | Arabian Internet and Communications Services Company (solutions) announces the signing of a contract with Saudi Telecom Company (stc) (Related Party) to execute the project of establishing and developing the internet and communications networks for stc. |
| Date of Announcement of the Award | 2025-09-25 Corresponding to 1447-04-03 |
| Contract Subject Matter | solutions will execute the project of establishing and developing the internal internet and communications networks for stc to serve the business units, the scope of work, includes the following:
• Expansion of internal internet network. • Expansion of new NEs and expansion of existing NEs. • Expansion of internet services projects, that serves the business units of stc. |
| The Entity with Which the Contract was Signed | Saudi Telecom Company (stc) |
| Date of Signing the Contract | 2025-09-25 Corresponding to 1447-04-03 |
| Contract Value | SAR 313,398,788.92 |
| Contract Details | • Fulfill business sector requirements with regards to internet network of stc, by installing data transfer devices.
• Increase the capacity of internal and international network to accommodate the growth in the 5G services. • Replace the old devices that are no longer supported by the suppliers. • Increase the capacity of the infrastructure for virtual broadband devices. • Establish an internet infrastructure in the new data centers in Khamis Mushait city, Dammam city, Qassim province, and North of Riyadh city. • Supply, install, integrate and test services for equipment, tools, programs and systems. |
| Contract Duration | (36) Months |
| Financial Impact and the Relevant Period | The financial impact on the company's financial statements will appear starting from the 1st quarter of the year 2026. |
| Related Parties | stc which considered the largest shareholder with an ownership of 79% of solutions shares. |
| Additional Information | NA |
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