Saudi Telecom Company

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Recent Articles

• Viva grabs 10% of Kuwait's mobile phone market1 November 2009

  New study says newcomer to sector has exceeded expectations on subscribers.

• Saudi Telecom posts 20% drop in Q3 net profit20 October 2009

  Company says fall is partly due to investments made in overseas affiliates.

• Saudi Mobily refinances SR1.5bn Islamic loan11 October 2009

  Mobile operator originally used loan to finance purchase of Bayanat Al Oula.

• Saudi Atheeb's internet start ends STC's monopoly6 June 2009

  Etihad Atheeb Telecoms Co to start Saudi operations in Riyadh and Jeddah.

• STC selects EMC's new V-Max array16 April 2009

  Saudi Telecom Company only Middle East pilot for new storage array designed to support virtualized data centres

• Man sentenced to 20 years for Saudi phone card scam14 April 2009

  Al-Jihani found guilty of defrauding thousands in 1.2 billion riyal scheme to sell discounted calling cards at cost price

• Saudi Telecom chief wins Lifetime service award23 March 2009

  STC president Saud bin Majed Al-Daweesh honoured at CEO Middle East awards.

• Etihad Atheeb to start trading on March 2117 March 2009

  Saudi regulator confrms market debut date for fixed line telco operator and 300m riyal IPO.

• Cellphone towers spark health fears among Saudi residents17 March 2009

  National Society for Human Rights claims it is illegal to set up mobile phone towers in residential areas

• Saudi Telecom cuts internet tariffs by 70%9 March 2009

  STC hopes to capture 50% of internet users in Kingdom of around 25m people.

• Saudi firm wins mobile network license in Bahrain3 March 2009

  Saudi Telecoms Company will be the third mobile phone operator in the country.

• Saudi Telecom says crisis creates buyout chances2 March 2009

  Mobile operator sees cell phone penetration in Saudi to surge 140% in next 2 years.

• Free internet access at Saudi corniches15 February 2009

  STC will also offer wireless internet at main highway of Kingdom’s eastern province

• STC can now disable cellphones for customers10 February 2009

  Saudi Telecom introduces new service to discourage theft of mobile phones in Kingdom

• Saudi internet, mobile lost after cable cut accident6 February 2009

  Saudi Telecom Company set to sue two construction contractors for mistake.

• STC to expand after target breaking year31 January 2009

  Foreign revenues for Saudi Telecom Co hit 21% last year which is way above the 10% target.

• Top fixed-line firm announces $80mn IPO - Saudi24 January 2009

  Etihad Atheeb Telecommunications wants to sell 30% of its capital.

• Saudi Telecom bags Bahrain's 3rd licence for $230mn22 January 2009

  UPDATE 1: Arab telecom major wins licence ahead of Batelco, Zain.

• Saudi Telecom hit by 62% profits slump 20 January 2009

  Saudi Telecom, the Arab world's largest telco, has reported a worse-than expected 62% slump in Q4 profits

• STC only bidder for Bahrain mobile licence13 January 2009

  Four registered bidders reduced to one as deadline passes

• Saudi Telecom bids for Bahrain mobile licence12 January 2009

  STC competes with home firm Batelco and Kuwait's Zain for third license.

• Kuwait’s third mobile operator opens for business4 December 2008

  Viva aims to gain a 10% share of the Kuwaiti market in its first year of operations.

• Saudi Telecom sets up content company30 October 2008

  Based in Dubai Media City, operations are scheduled to begin early next year

• Saudi Telecom profit drops 4%26 October 2008

  UPDATE 1: Company misses forecasts as Q3 net income drops to $803.7mn, attributed to expansion costs.

• Saudi Arabia launches campaign to identify mobile subscribers11 October 2008

  All Saudi mobile subscribers required to prove their identity in drive to cut down 'anonymous' mobiles