Saudi Telecom inks deals to set up fiber optic factory

Saudi Telecom Co. (STC) signed agreements with major international firms to promote local content, including a deal to set up a local fiber optic factory in partnership with Fujikura and Middle East Fiber Cable Manufacturing Co. (MEFC).

Another deal was concluded with Tata Consultancy Services and Juniper Networks, which focuses on Saudization of leading positions and support for small and medium-sized enterprises (SMEs), STC said in a statement on Tuesday.

No further details were provided about deal values.

The agreements were signed in presence of STC’s chief executive officer, Nasser Al-Nasser and Fahd Al-Skeit, head of the local and private sector development.