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Nokia, stc sign five-year master frame agreement

RIYADH, May 15, 2020

Leading regional telecom group stc has signed a five-year master frame agreement (MFA) with  Nokia to further strengthen its strategic partnership.

The agreement aims to expedite buying process of Nokia’s latest equipment, software and services for stc group to introduce innovative services faster to its subscribers as a pioneer.

This will allow stc companies to seamlessly buy advanced technologies such as 5G, Internet of Things (IoT), IP & Optical network technologies, and customer experience management from Nokia’s end-to-end portfolio for mobile and fixed networks, said the statement from the Saudi group.

The agreement was remotely signed by Nasser Suliman Al-Nasser, the Group CEO at stc and Rajeev Suri, the President and CEO of Nokia due to Covid-19 pandemic, purely relying on software innovations and demonstrating the power of AR and AI. These technologies enabled virtual signing ceremony in a digital environment.

Al Nasser said: “This strategic partnership with Nokia, supports Saudi Vision 2030 focused on leveraging advanced technologies for digital transformation and growth of the country, aligning with stc Rawafed Programme that aims to enhance local content.”

“We strive to introduce advanced technologies and services faster as a true pioneer and enrich our subscribers’ lives,” he added.

Amr K. El Leithy, SVP for Middle East and Africa market at Nokia, said: "We are committed to bringing our technology innovations to stc in an agile manner, and supporting stc Vision to be a world-class digital leader, empowering innovative services and platforms for digital transformation."

"This agreement is a major milestone in the stc -Nokia strategic ties and is a strong testimony of the solid relationship we have built with STC over the years," he added.-TradeArabia News Service




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