STC secures Spanish gov't approval to snap up 9.9% stake in Telefónica
Secures voting rights as part of the deal
Secures voting rights as part of the deal
Also announces joint venture with Gcore for AI infrastructure in Kingdom
According to the Minister of Digital Technologies
Aims to develop multiple 100+MW campuses in Kingdom
Company moves critical systems to Google Cloud Platform
MoU first signed in June 2022, cable is still going ahead
The data center would be powered by renewable energy and utilize backup batteries
Signs agreement with Public Investment Fund for hub near Dammam
Sign MoU for operation and maintenance services across the Kingdom
Will see a total investment of $1.9bn
Companies currently developing six hyperscale facilities in the kingdom
Collaborating with Cerebras Systems, Groq, and Qualcomm
New region hosted by Center3 in Riyadh
Timelines for the project are yet to be announced
Company has more than 40MW in operation, 90MW in construction, and hundreds more megawatts in pipeline across the Middle East
Could STC expand its European footprint
200-qubit system scheduled for deployment in 2025
Will be the biggest tower provider in the Middle East, combining Tawal and Golden Lattice
The partnership will also push AI
Making significant investment in data storage
Servers produced at the site will carry a ‘Saudi Tech’ logo
Edarat commits to acquiring 10 Galleons in 2024
Ahead of the conclusion of Saudi Vision 2030
The center is expected to open this year
Will increase PIF's stake in the tower company to 80 percent
No mention of Aramco this week
JV will "catalyze" digital transformation of Saudi Arabia
Project lacking details