Saudi Telecom Company

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Recent Articles

• Saudi Telecom trumps bids for Kuwaiti telco 27 November 2007

  Operator bid $438mn for a stake in Kuwait's third mobile phone company, report says.

• Kuwait poised to select mobile winner21 November 2007

  Nine bidders are to compete in a November 27 auction for a 26% stake in the country's third mobile firm.

• Saudi Telecom bids for Kuwait telco stake19 November 2007

  Largest Arab telecom bids for stake in Kuwait's third mobile telephone firm.

• Saudi Telecom profit continues to drop23 October 2007

  Largest Arab telecom operator posts fifth consecutive fall in net income in Q3, down 2% to $837.3mn.

• Saudi Telecom in acquisition talks 5 September 2007

  Arab telecom says it is set for 'major' foreign acquisition, its second outside its home market.

• AdaptiveMobile wins deal with STC’s Aljawal30 August 2007

  Saudi mobile firm installs filtering device to tackle rise of spam and viruses via handsets.

• Saudi Telecom plans Kuwait bid25 August 2007

  Saudi Telecom is joining regional rivals to bid for a 26% stake in Kuwait's third mobile network operator.

• STC agrees $1.6bn loan8 August 2007

  The Saudi telco borrowing money to help finance its purchase of a 25% stake in Malaysia's Maxis.

• Saudi Telecom claims 15.5mn mobile lines23 July 2007

  Telecom says it has 15.5 million mobile phone subscribers in the largest Arab economy.

• STC suffers fourth quarterly profit fall18 July 2007

  Saudi Telecom Company's (STC) net profits dropped 8.6% to US$827 million during the second quarter of 2007.

• STC in $3bn deal for Malaysia mobile firm26 June 2007

  Saudi Telecom Co. has agreed to pay $3 billion to buy into Malaysian telco Maxis.

• Saudi Telecom to buy Malaysia mobile firm25 June 2007

  Saudi Telecom will buy a majority stake in Malaysia's Maxis Communications.

• Saudi Telecom to spend $1.1bn on broadband25 June 2007

  Saudi Telecom is to invest over four billion riyals in new broadband services this year, and drive coverage in the Kingdom into remoter areas.

• US$16.8bn Kingdom Holding moves closer to June IPO9 June 2007

  Saudi Arabia has approved a change in the status of Kingdom Holding, taking billionaire HRH Prince Alwaleed bin Talal's company one step closer to an initial public offering of shares expected this month.

• STC unveils inorganic growth strategy3 June 2007

  Operator eyes 10% revenue growth through foreign investment by 2010.

• Expanding its reach17 May 2007

  The recent announcement of three new fixed-line players in the Saudi Arabian telecoms market gave Bahrain's Batelco another chance to drive forward its growth plans under CEO Peter Kaliaropoulos. He speaks to Ronan Shields about the moves the firm is making.

• Chambers praises growth in region10 May 2007

  Cisco CEO John Chambers has identified "very strong order growth" in the MEA region as a highlight in the network's giant's fiscal third quarter results.

• Promotions drag down Saudi Telecom profits26 April 2007

  Saudi Telecom Company (STC) has recorded its smallest quarterly profit in more than two years as its net income dropped around 20% during Q1.

• KSA grants three fixed licences26 April 2007

  Three consortia have won licences to provide fixed-line services in Saudi Arabia, bringing an end to the monopoly of Saudi Telecom Company (STC).

• Saudi Telecom reports profit low18 April 2007

  The largest Arab telecom company has had its smallest quarterly profit in more than two years.

• Saudi Telecom gobbles Awalnet ISP16 April 2007

  Kingdom's state-owned telephone company snaps up ISP and targets 1 million subscribers.

• STC sees Red with WiMax deployment5 April 2007

  Saudi Telecom Company (STC) is deploying a WiMax network throughout Saudi Arabia, it said last week.

• STC on hunt for large acquisition2 April 2007

  Saudi Telecom will look to either Africa or Asia in its overseas expansion.

• JWT wins STC marketing account13 March 2007

  Saudi Telecom is launching a pan-Middle East advertising campaign devised by JWT.

• Ten bid for KSA phone licence11 March 2007

  Verizon Comms is among the consortia bidding for Saudi's second fixed line licence.