Tuesday, 23 January 2018

Saudi Telecom ups Viva stake but fails to take sole ownership

By Mary Lennighan, Total Telecom
Monday 01 February 16

Following tender offer, STC will hold just over half of Kuwaiti company once transaction is completed.

Saudi Telecom Company (STC) on Monday announced that following its tender offer for Viva it will own 51.8% of the Kuwaiti mobile operator. The Saudi incumbent announced its aim to acquire the 74% of Viva that it did not already own late last year…

Saudi Telecom Company (STC) on Monday announced that following its tender offer for Viva it will own 51.8% of the Kuwaiti mobile operator. The Saudi incumbent announced its aim to acquire the 74% of Viva that it did not already own late last year…

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