NEOM’s tech and digital subsidiary, known for its cognitive capabilities, has announced a groundbreaking multi-year agreement with stc Group, a key player in regional digital transformation. The deal involves the acquisition of Low Earth Orbit (LEO) satellite connectivity capacity in Saudi Arabia from TONOMUS.
Unveiled at the Future Investment Initiative (FII) in Riyadh, this agreement marks a significant development, granting stc Group unparalleled access to LEO satellite capacity. This access will enable STC Group to provide high-speed broadband internet, data services, and business continuity solutions to government institutions, large corporations, and SMEs across Saudi Arabia. This is a substantial step in enhancing connectivity services, particularly in vital sectors such as oil and gas, mining, agritech, healthcare, education, and finance.
The collaboration between TONOMUS and stc Group reflects the growing demand for cost-effective, high-bandwidth, low-latency connectivity throughout the region. It will bring fiber-like internet access to residents in rural and remote areas, significantly improving their online experience.
This strategic agreement with TONOMUS will play a crucial role in Saudi Arabia’s digital transformation, as it strengthens ties with local infrastructure and service providers. It aims to create a digital ecosystem that fosters scalability, innovation, and accessibility across government and business sectors.
Scott Gegenheimer, President of Infrastructure at TONOMUS, emphasized the alignment of stc Group’s satellite network capacity acquisition with TONOMUS’ vision for a more connected, inclusive, and prosperous Saudi Arabia. The partnership with stc Group will facilitate the provision of rapid and reliable connectivity, transforming businesses and communities and enhancing NEOM’s cognitive technology ecosystem.
Riyadh Muawad, GCBO at stc Group, highlighted the company’s commitment to leading in ICT and digital transformation in the region. The agreement with TONOMUS represents a significant milestone, enabling stc Group to bridge the digital divide by offering high-speed, low-latency satellite internet and data services to critical industries, government sectors, and remote communities. stc Group is proud to collaborate with TONOMUS and contribute to Saudi Arabia’s burgeoning digital landscape.