stc Group and Nokia have signed a five-year Master Frame Agreement (MFA) to further strengthen their strategic partnership. The agreement aims to expedite the buying process of Nokia’s latest equipment, software and services for stc Group and as a result introduce innovative services faster to its subscribers. This will allow stc Group companies to seamlessly buy advanced technologies such as 5G, Internet of Things (IoT), IP and Optical network technologies and customer experience management from Nokia’s end-to-end portfolio for mobile and fixed networks.
For the first time in the region, the agreement was remotely signed due to the COVID-19 pandemic, purely relying on software innovations and demonstrating the power of AR and AI. These technologies enabled a virtual signing ceremony in a digital environment. The agreement was signed by the signatories Nasser Suliman Al-Nasser,stc GCEO, and Rajeev Suri, President and CEO of Nokia.
Nasser Suliman Al-Nasser, stc Group CEO, said: “This strategic partnership with Nokia, supports Saudi Vision 2030, which is focused on leveraging advanced technologies for Digital Transformation and growth of the country, and aligns with stc Rawafed Programme that aims to enhance local content.”