Fixed communication services revenue in Saudi Arabia is set for a compound annual growth rate (CAGR) of 9.9 per cent during 2025-2030, underpinned by surging fixed broadband adoption even as traditional voice declines. The shift toward fixed wireless access (FWA) and fibre reflects accelerating digital infrastructure priorities, signaling deeper market readiness for high-capacity connectivity and […]
Luma AI, the AI company building multimodal AGI, has raised $900 million (€780.7m) in Series C funding, led by Humain, a PIF company delivering global full-stack AI solutions, with significant participation from AMD Ventures, and existing investors Andreessen Horowitz, Amplify Partners and Matrix Partners. The company’s mission is to build multimodal general intelligence: AI that […]
AST SpaceMobile has added Saudi Arabian telco STC Group as its partner for “Space-based Telecom services” over the Middle East & North Africa (MENA) regions. stc (the former Saudi Telecom Company) will pay $175 million (€150.5m) to secure a 10-year distribution contract for AST’s satellite services, starting in Q4 2026. AST signed an MoU with […]
DAZN MENA has been appointed the official domestic broadcaster for all horse racing events under the Jockey Club of Saudi Arabia. The new deal, effective immediately, spans 50 race days across the 2025/26 season. DAZN said the partnership marks a significant step in its expansion strategy within Saudi Arabia and the wider MENA region. This […]
Vianeos, the IPTV & OTT company, provided the Orbit Communication Group in the Kingdom of Saudi Arabia with a complete OTT platform, including mobile applications for Apple and Android devices. These applications allow Salam TV subscribers to access video content on their smartphones and tablets. Salam, previously known as ITC part of the Orbit Communication […]
Saudi Arabia’s multi-billion sovereign wealth fund created Neo Space a year ago, and while it is keen on developing space-based technology for Earth observation and other applications it does not see direct-to-cellular from space as being economic – at least for the time being. However, according to an interview in Space Intel Report, Neo Space […]
A record 38 broadcasters will showcase the world’s richest race, the Saudi Cup, held at King Abdulaziz Racecourse in Riyadh on, February 22nd – ensuring an unprecedented reach that targets all corners of the globe for the $20 million contest. Now in its sixth year, the Group 1 Saudi Cup has cemented its status as […]
Saudi Arabia is to invest $1 billion (€0.95bn) in DAZN and a forming new JV with the sports streaming service owned by Sir Leonard Blavatnik, as the country doubles up its bet on the global sports market. Surj Sports Investment, the sporting arm of Saudi Arabia’s Public Investment Fund (PIF), will acquire a “single-digit” minority […]
Saudi Arabia’s Public Investment Fund (PIF) is reportedly close to agreeing a $1 billion (€0.97bn) acquisition of a 10 per cent stake in sports streaming platform DAZN. A deal could be announced as early as this January, according to Bloomberg, with the PIF’s sports arm, SURJ Sports Investment, representing the potential minority investors. An agreement […]
The International Telecommunications Union (ITU) is having a hard time getting some of its member states to observe its regulations. Two problems are paramount: The first is the regulation of so-called ‘space debris’ whether dying satellites or collision avoidance obligations. The second concerns the deliberate jamming of certain TV signals which includes the rules governing […]