On Mon, Oct 15, 2012 at 8:19 PM, Theo10011 de10011@gmail.com wrote:
Hi Yann
It's not a partnership with the government, it's with a telecom company
Theo, Saudi Telecom was wholly owned by the Saudi government when it was founded in 1998. It held monopolies then.
After a partial privatisation in the early 2000s, STC remains 70% owned by the Saudi government, with the remainder owned by "domestic investors (16.4%), the Public Pension Fund (6.6%) and the General Organisation for Social Insurance (7.0%)".[1]
To say that it's not partnership with the Saudi government is a little misleading. I am not saying there is anything wrong with it, but surely you can understand that there is interest in what exactly the terms of this partnership are.
[1] http://www.telegeography.com/page_attachments/products/website/research-serv...