Saudi Arabia’s STC Group, a leading digital enabler in MENA, has signed an Internet of Things (IoT)-focused memorandum of understanding (MoU) withiBASIS, an independent provider of communications solutions for operators and digital players worldwide.
The aim of the deal, signed last week at the Capacity Middle East event in Dubai, is to better support the provision of a global communication experience via IoT technology in the region.
Through this MoU, STC says it will benefit from iBASIS’s capabilities and leading position in the field of IoT, enabling developers of IoT technologies in Europe and America to expand their business in the MENA region.
By elevating M2M connectivity and enabling international original equipment manufacturers (OEMs) to explore growth opportunities in the MENA region, say the partners, this collaboration will facilitate the growth of IoT technologies, providing IoT developers with flexible communications services for rapid expansion, and thereby contribute to economic growth and the diversification of investment opportunities in the region.
In addition this partnership will, the companies say, drive innovation and digital transformation to help evolve telecom services in the region to meet customers’ changing requirements, particularly in the development of the smart device industry.
Moreover, they predict that it will further boost the development of new solutions and bolster IoT connectivity in MENA to cater to businesses’ growing needs.
