Saudi Telecom CEO is Serious in ‘ Selling Towers ‘

Saudi Telecom CEO is Serious in ‘ Selling Towers ‘

STC selling towers

Saudi Telecom Company (STC), the nation’s biggest phone operator, is considering a sale of its mobile transmitter towers.

As indicated by CEO Khaled Bin Hussain Biyari, margins for traditional telecom services are not what they used to be and Saudi Telecom is searching for approaches to enhance income and boost proficiency. Biyari told Bloomberg TV that one way to do that is to create a company that would sell the towers.

According to the sayings of the Saudi Telecom CEO

“We are seriously considering it, we are doing our internal assessment in terms of what value it will bring us,”.

“It’s not about the money. It’s about creating efficiency in operation.”

The economic slowdown amid a slump in oil prices “is a fact” however the company in the oil-rich kingdom is as yet developing, Biyari said. Saudi Telecom has contributed “vigorously” in cloud technology.