Through this MoU, stc will benefit from iBASIS’s capabilities and leading position in the field of IoT, enabling developers of IoT technologies in Europe and America to expand their business in the MENA region.
Riyadh, February 9, 2024: stc Group, the leading digital enabler in MENA, has signed a Memorandum of Understanding (MoU) with iBASIS, the leading independent provider of communications solutions for operators and digital players worldwide, that aims to better support the provision of a global communication experience via Internet of Things (IoT) technology in the region. The signing was announced on the sidelines of the Capacity Middle East event, the region’s leading meeting for digital infrastructure leaders and experts from MENA and beyond, hosted in Dubai from the 6th to the 8th of February.
Through this MoU, stc will benefit from iBASIS’s capabilities and leading position in the field of IoT, enabling developers of IoT technologies in Europe and America to expand their business in the MENA region. By elevating M2M connectivity and enabling international Original Equipment Manufacturers (OEMs) to explore growth opportunities in the MENA region, this collaboration will facilitate the growth of IoT technologies, providing IoT developers with flexible communications services for rapid expansion, thereby contributing to economic growth and diversifying investment opportunities in the region.
This partnership will drive innovation and digital transformation to help evolve telecom services in the region to meet customers’ changing requirements, particularly in the development of the smart device industry. Moreover, it will further boost the development of new solutions and bolster IoT connectivity in MENA to cater to businesses’ growing needs, while reinforcing alliances and collaboration to create a more interconnected and inclusive world for future IoT services through fostering digital innovation.
This MoU and stc Group’s significant investments in developing digital infrastructure align with the Saudi Vision 2030 to propel digital transformation and position the Kingdom as a global digital hub, bridging the continents of Asia, Africa, and Europe.
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