Saudi Telecom raises Intigral stake

15 December 2011: Saudi Telecom (STC) has bought a further 20 per cent stake in United Arab Emirates digital media firm Intigral for $24 million (approx Rs.129 crore). The deal will raise STC’s stake in Intigral to 71 per cent, with the operator funding the purchase through its own reserves.

The move is consistent with the strategy to focus on providing content services that are important to many of its customers. Intigral provides content on mobile phones, television and the Internet for telecoms operators and Internet service providers.

Source: Khaleej Times