Wednesday, 26 July 2017

Saudi Telecom ploughs $100m into ride-sharing service Careem

By Nick Wood, Total Telecom
Monday 19 December 16

Operator buys 10% stake in Uber rival as part of strategy of investing in digital innovation.

Saudi Telecom Company (STC) on Sunday paid $100 million (€95.9 million) for a 10% stake in ride-sharing service Careem. The Middle East's answer to Uber was founded in Dubai in 2012…

Saudi Telecom Company (STC) on Sunday paid $100 million (€95.9 million) for a 10% stake in ride-sharing service Careem. The Middle East's answer to Uber was founded in Dubai in 2012…

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