LTE Advanced and NB-IoT drive STC 4G expansion in KSA

The deal spearheads STC’s drive to revolutionize mobile broadband-driven data experiences for its subscribers.
Updated 04 March 2018
0

LTE Advanced and NB-IoT drive STC 4G expansion in KSA

Ericsson has been chosen by the Saudi Telecom Company (STC) Group for a major nationwide expansion of its 4G network in Saudi Arabia, including the deployment of LTE Advanced and Narrow Band-Internet of Things (NB-IoT) in Radio Access Network (RAN). The deal spearheads STC’s drive to revolutionize mobile broadband-driven data experiences for its subscribers and open up new enterprise opportunities in IoT, while laying the groundwork for evolution to 5G.
The LTE Advanced expansion, which got underway in December 2017, includes the deployment of Ericsson’s 5G-ready baseband hardware in the network. LTE Advanced will be deployed in a new 700MHz band spectrum acquired by STC. It will increase STC network throughput in 4G/LTE by up to 50 percent for smartphones.
In addition to the data-driven content access speed delivered by LTE Advanced, subscribers will benefit from extended coverage, much longer battery life, and low-cost devices enabled by the new cellular IoT technology, NB-IoT.
The digital transformation also sees STC deploying Narrow Band-IoT (NB-IoT) in RAN across its expanded network to drive and support enterprise IoT Ecosystem innovation and business opportunities. This includes Massive IoT applications for smart city purposes, such as metering, parking sensors, and connected cars.
STC recently renewed and upgraded its managed services contract with Ericsson. In addition to existing network planning and optimization, network operations and telecom field services, the contract now includes field services efficiency, as well as first and second line support.
Nasser Al-Nasser, STC Group CEO, said: “At STC, our main goal is to ensure that the country’s Saudi Vision 2030 ambitions are met. We do that by always making sure we offer our subscribers the latest innovative technologies. LTE Advanced and NB-IoT are exactly what we need to pave the way to 5G.”
Rafiah Ibrahim, head of market Area Middle East and Africa, Ericsson, said: “By making digital transformation real and effective for STC through 4G expansion, we will enable their customers to enjoy enriched experiences, whether that means lightning speed video and media access for subscribers, or IoT business innovation and opportunities for enterprises. Our partnership with STC shows 4G network evolution is already happening and paving the way for 5G.”
STC has already deployed multiple 4G layers across various frequencies (LTE 1800, LTE 2300, and LTE 2100).


Emirates NBD opens branch in Alkhobar

Updated 20 September 2018
0

Emirates NBD opens branch in Alkhobar

Emirates NBD, a banking group in the Middle East, has expanded its presence in the Kingdom with the opening of its first branch in Alkhobar in the Eastern Province. Emirates NBD now covers three key regions in Saudi Arabia with a presence in Riyadh, Jeddah and Alkhobar. 

As Saudi Arabia progresses plans for economic reform, in line with its Vision 2030, Emirates NBD’s presence builds on the growing economic and trade ties between Saudi Arabia and the UAE. Following the establishment of the Saudi-Emirati Coordination Council, the UAE and Saudi Arabia recently announced The Strategy of Resolve, a joint vision for economic development through 44 joint strategic projects within a five-year time frame. 

UAE-based Emirates NBD is the first non-Saudi bank with a significant branch network across the Kingdom. The bank offers retail, private, business and wholesale banking across its network of three full-fledged branches in the Kingdom, in addition to corporate finance advisory, project and syndicated finance through Emirates NBD Capital KSA, the bank’s investment banking arm.

Emirates NBD also operates in Egypt, India, Singapore, and the UK with representative offices in China and Indonesia. 

“Our presence in Saudi is integral to Emirates NBD’s growth strategy as we continue to explore opportunities in the GCC region’s largest and most dynamic economy,” said Hesham Abdulla Al-Qassim, vice chairman and managing director of Emirates NBD. 

“Saudi Arabia is in the midst of a landmark economic transformation and we look forward to continuing to support Saudi individuals and businesses looking for a trusted banking partner.” 

Emirates NBD recently renewed its partnership with the Kingdom’s Kafalah Program, which aims to promote financing to small and medium enterprises (SMEs) within the country.

Loai Abduljawad, CEO of Emirates NBD KSA, said: “Emirates NBD’s expanded network strengthens our offering to individuals and corporates in Saudi Arabia looking to invest and trade across the MENA region and beyond. Our superior value proposition, built on the bank’s unique ‘high tech + high touch’ philosophy of offering customers a modern banking experience complemented by personalized advisory services, will enable us to strengthen customer acquisition in the Kingdom as we continue to support the country’s long-term growth and development goals, as outlined in Saudi Vision 2030.” 

Emirates NBD is a leading banking group in the region. As of June 30, 2018, its total assets were 477.5 billion dirhams, ($130 billion). The group has a significant retail banking franchise in the UAE and is a key participant in the global digital banking industry, with over 90 percent of all financial transactions and requests conducted outside of its branches. The bank was declared the “Most Innovative Financial Services Organization of the Year” at the 2017 BAI Global Innovation Awards.