STC ups stake in UAE digital media group Intigral

15 Dec 2011

Saudi Telecom Company (STC) says it has acquired an additional 20% stake in United Arab Emirates (UAE) digital media firm Intigral for USD24 million, lifting its total equity to 71%. STC, which is funding the purchase through its own internal resources, said in a statement on the Saudi bourse: ‘The move is consistent with the strategy to focus on providing content services that are important to many of its customers.’ Intigral provides telcos and ISPs with content for mobile phones, TV and the internet.

Saudi Arabia, United Arab Emirates, Saudi Telecom Company (stc)