STC Group together with Maxis and Oger Groups engage Ericsson as preferred supplier

The STC Group announced that along with its affiliates, the Maxis and Oger Groups, they have selected Ericsson as one of their preferred global vendors for network infrastructure, as part of their global synergy creation activities. The agreement will allow Ericsson to offer its portfolio of network infrastructure equipment through a global price structure based on total business in Bahrain, India, Indonesia, Kuwait, Malaysia, Saudi Arabia, South Africa and Turkey.

In 2010 the telco groups jointly launched a series of global initiatives focused on capturing synergies across their nine operating companies and on working with best-in-class global suppliers to become preferred partners based on value creating agreements.

One of the initiatives is to focus on technology infrastructure synergies, with an objective of developing a global price book and formalising volume discounts based on overall groups scale.