stc group with iBasis to facilitate the delivery of communication services through IoT across MENA
The memorandum of understanding (MoU) signed between stc group and iBasis during the Capacity Middle East 2024 is a pivotal move towards bolstering global communications infrastructure through the Internet of Things (IoT) in the Middle East and North Africa (MENA) region. This strategic alliance aims to leverage iBasis’ robust IoT capabilities to facilitate the expansion of IoT technology developers from Europe and America into MENA, thereby fostering economic growth, diversification of investment opportunities, and driving innovation in the region’s telecom sector.
The signing of the MoU signifies a commitment from both parties to create an environment conducive to the growth of IoT technologies in MENA. By collaborating, stc and iBasis seek to establish flexible communications services that support rapid expansion for IoT developers, ultimately contributing to the economic development of the region. Moreover, this partnership is expected to drive digital transformation in the telecom sector, aligning with the objectives of Saudi Vision 2030 to position the Kingdom as a global digital hub.
stc will capitalize on iBasis’ IoT capabilities to enhance connectivity and support the development of new solutions tailored to businesses’ growing needs in the MENA region. This collaboration is not only anticipated to boost IoT connectivity but also to foster alliance and collaboration, thereby creating a more interconnected and inclusive world for future IoT services through fostering digital innovation.
