VOL. XLIII
No. 50
11-December-2000
TELECOMS
SBC Communications Breaks Off Talks With Saudi Telecoms Company
Bankers in the Gulf have confirmed to MEES that SBC Communications of the US withdrew completely from negotiations with the Saudi Telecommunications Company (STC) on 19 November. Subsequent media reports indicate that STC has publicly confirmed the breakdown of negotiations which could have led to SBC signing a strategic partnership agreement offering it a 20-40% stake in the STCs $12bn...
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