In 2008, Dahabshiil Group acquired a majority stake in Somtel Network, a Hargeisa-based telecommunications firm specialising in high speed broadband, mobile internet, LTE services, mobile money transfer and mobile phone services. The acquisition provided Dahabshiil with the necessary platform for a subsequent expansion into mobile banking, a growth industry in the regional banking sector. In 2014, Somalia's three largest telecommunication operators, Hormuud Telecom, NationLink and Somtel, also signed an interconnection agreement. The cooperative deal will see the firms establish the Somali Telecommunication Company (STC), which will allow their mobile clients to communicate across the three networks. COUNT 5
QSN1 What year did Dahabhiil acquire the majority of Somtal network? ANS1 2008 QSN2 Where is Somtal network located? ANS2 Hargeisa QSN3 Buying Somtal Network allowed Dahabshiil to expand into what type of banking? ANS3 mobile banking QSN4 STC stands for what? ANS4 Somali Telecommunication Company QSN5 The STC allows its customers to communicate across how many networks? ANS5 three