The Marconi Company, a global communication and IT company, signed a $30 million contract with the Saudi Telecommunication Company (STC), reported Al Hayat. According to the agreement, Marconi will re-design the telecommunication network and provide IT consulting services for the Saudi Telecommunication Company. This contract enables the STC to gradually enlarge its revenues through increasing the number of its subscribers and reducing its telecommunication network equipment costs. The STC is targeting another two million new subscribers. — (menareport.com)
© 2002 Mena Report (www.menareport.com)
