STC Group streamlines global procurement

STC Group, Maxis and Oger select Ericsson as a preferred global vendor
Ghassan Hasbani has been a long-term champion of group-wide procurement.
Ghassan Hasbani has been a long-term champion of group-wide procurement.

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Saudi Arabia’s STC Group, its Malaysian unit Maxis, and Oger Group, which is 35%-owned by STC, have selected Ericsson as one of their preferred global vendors for network infrastructure.

The move is part of a strategy by the telcos to streamline procurement and reduce costs. It follows an agreement in 2010 that saw the three operators launch initiatives to capture synergies across their nine operating companies.

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.

"We drive synergies from scale and scope but also from knowledge and foresight to accelerate creativity, development and innovation," said Ghassan Hasbani, CEO, STC International.

The new agreement will allow Ericsson to offer its portfolio of network infrastructure equipment though a global price structure based on total business in Bahrain, India, Indonesia, Kuwait, Malaysia, Saudi Arabia, South Africa and Turkey.

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