STC renews focus on international markets

STC strengthens management team with appointment of former Booz & Co consultant.

Tags: RecruitmentSaudi ArabiaSaudi Telecom Company
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STC renews focus on international markets Ghassan Hasbani brings specialist knowledge of mergers and acquisitions and post-merger integration to STC.
By  Roger Field Published  January 10, 2010

STC has appointed former Booz & Co telecoms consultant Ghassan Hasbani as CEO of its international operations, as part of a group re-organisation.

The development, which points towards an increased focus from STC on international markets, follows the appointment of Saud Al Daweesh's as group CEO in June 2009.

Hasbani, who previously led the Middle East communications and technology practice of global management consulting firm Booz & Co, has in-depth knowledge of key aspects of the telecoms sector including investment strategies, M&A, post-merger integration,  restructuring, and product development.

STC, which has about 70 million subscribers around the world, has expanded internationally in the past two years through a series of acquisitions and licenses in Malaysia, Indonesia, India, Turkey, South Africa Kuwait and Bahrain, but has been less vocal about its international ambitions than rival Gulf operators such as Etisalat and Zain.

Saud Al Daweesh, STC's group CEO, said the appointment of Hasbani would "further strengthen the focus on our international operations as a growing global operator."

He added that the new group organisational structure "underscores our commitment to strengthen and develop our international assets."

Hasbani, who has spent the past 10 years working in the Middle East, said in a statement: "The priority is to ensure that all operations work together in harmony and collectively drive the creation of value for individual companies as well as the group".

Prior to working in the region, Hasbani held several positions in the ICT sector in the UK with Cable & Wireless and Nortel Networks, and has also worked in South East Asia, Africa and Latin America.  

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