STC takes over ownership of Bravo from Wataniya

Ooredoo is selling its Saudi Arabian iDEN mobile network, Bravo, to STC for an undisclosed amount.

Bravo is owned by Ooredoo subsidiary, Wataniya Group and has been operating a "Push-to-Talk" mobile service in Saudi Arabia since 2005.

In 2005, Bravo entered into a build operate transfer agreement with STC for 15 years to provide wireless communication services using iDEN technology.

Ooredoo said that the iDEN standard is no longer core to its group’s strategy.

In the final settlement of Bravo’s obligations to STC, it has been agreed that Bravo will make a settlement payment for STC dues, and Wataniya will transfer all the shares of Bravo and its assets to STC.