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Saturday, 21 November 2009 10:05 UAE time

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Saudi Telecom Company (STC)

Main Category: Telecommunications Service Provider
City : Riyadh
Country : Saudi Arabia
Website: www.stc.com.sa


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Saudi’s STC strikes deal with Real Madrid football club

Deal covers mobile telecoms sectors in Saudi Arabia, Kuwait, Bahrain & Indonesia.

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Viva grabs 10% of Kuwait's mobile phone market

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

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Saudi Telecom posts 20% drop in Q3 net profit

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

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Saudi Mobily refinances SR1.5bn Islamic loan

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

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Saudi Atheeb's internet start ends STC's monopoly

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

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STC selects EMC's new V-Max array

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

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Man sentenced to 20 years for Saudi phone card scam

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

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Saudi Telecom chief wins Lifetime service award

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

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Etihad Atheeb to start trading on March 21

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

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Cellphone towers spark health fears among Saudi residents

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

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Saudi Telecom cuts internet tariffs by 70%

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

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Saudi firm wins mobile network license in Bahrain

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

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Out of credit?

New investment opportunities still exist for GCC telecom players - but today financing from banks is challenging.

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Saudi Telecom says crisis creates buyout chances

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

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Free internet access at Saudi corniches

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

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STC can now disable cellphones for customers

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

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Saudi internet, mobile lost after cable cut accident

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

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STC to expand after target breaking year

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

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Top fixed-line firm announces $80mn IPO - Saudi

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

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Saudi Telecom bags Bahrain's 3rd licence for $230mn

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

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Saudi Telecom hit by 62% profits slump

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

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STC the only bidder for Bahrain licence

The fact that STC was only operator to bid for Bahrain’s 3rd mobile licence didn't surprise telecom experts.

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STC only bidder for Bahrain mobile licence

Four registered bidders reduced to one as deadline passes

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Saudi Telecom bids for Bahrain mobile licence

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

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Kuwait’s third mobile operator opens for business

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

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Saudi Telecom sets up content company

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

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Saudi Telecom profit drops 4%

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

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Saudi Arabia launches campaign to identify mobile subscribers

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

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Kuwait's VIVA raises $93.6mn in IPO

Gulf state's third telecom operator's public offering was 2.4 times oversubscribed, sold 250mn shares.

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Saudi Telecom to slash workforce by 15%

Telecom operator to axe 3,000 jobs in Saudi as pressure grows to improve profitability.

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Man Utd confirms Saudi Telecom deal

Middle East's largest operator to have exclusive rights to use logo and imagery within kingdom.

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Saudi Telecom in landmark deal with Man Utd

Middle East's largest operator agrees $19mn marketing deal with English football giant.

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Bahrain Internet service severely disrupted

Cable fault on King Fahd Causeway slows Internet service and cuts access to some sites

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Saudi Telecom to launch Unified International Roaming service

The new service, effective from August 1st, will link 30 telecom operators globally.

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Saudi Telecom to introduce cheaper roaming fees

Subscribers of 30 foreign operators to benefit, fees to fall by up to 69%.

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Saudi Telecom seeks 25% stake in Omantel

Largest Arab telecom firm to make its second major venture outside the kingdom.

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Kuwait approves third mobile operator

50 percent of new company will be sold to the public

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Saudi Telecom Q2 profit surges to beat forecasts

Gulf's second largest provider by market value reports $1bn income.

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Much-delayed Kuwaiti telco IPO to launch by June

Gulf state's third mobile operator may be in business by October, official says.

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Saudi Telecom profit up on more subscribers

Second largest Arab telecom sees Q1 net income rise 11.4% to $808mn.

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Zain Saudi Arabia to launch operations by June

Kingdom's third mobile operator will initially cover 53% of population with own nextwork.

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Markets continue slump ahead of Fed cut

All Gulf states pegged to US dollar see markets drop on concerns US will slash rates.

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New Saudi fixed-line telecoms get final approval

Consortiums led by Bahrain's Batelco, Hong Kong's PCCW and US-based Verizon.

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Saudi Telecom to borrow $2.6bn for Oger buy

Telecom turns to local banks to finance purchase of 35% stake in Oger Telecom.

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Saudi Telecom inks $2.56bn Oger deal

Operator signs final agreement for 35% stake as it expands its investments internationally.

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Saudi, UAE in new undersea cable deal

14,000km telecoms network will connect India and western Europe via the Middle East.

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Oger eyes South Africa's Telkom

Dubai-based telco to use proceeds of sale of stake to Saudi Telecom to fund purchase, CEO says

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STC to acquire 35% stake in Oger Telecom

KSA incumbent eyes lucrative Turkish and South African markets with latest deal

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Saudi Telecom returns to profit growth

Largest Arab telecom sees Q4 earnings rise 9.6% to $813.3mn, but still misses analysts' forecasts.

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Saudi Telecom in $2.6bn Oger deal

Biggest Arab telecom buys 35% stake, gaining access to markets from Turkey to South Africa.

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Kingdom of change

CommsMEA examines how Saudi Arabia's telecoms market is likely to develop in the coming years.

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STC wins out in Kuwaiti telco race

Saudi Telecom takes Kuwait's third mobile licence.

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Saudi Telecom grabs Kuwait telco stake for $900mn

Operator beats off rivals in contest for stake in country's third mobile phone company.

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Saudi Telecom trumps bids for Kuwaiti telco

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

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Kuwait poised to select mobile winner

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

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Saudi Telecom bids for Kuwait telco stake

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

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Saudi Telecom profit continues to drop

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

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Saudi Telecom in acquisition talks

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

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AdaptiveMobile wins deal with STC’s Aljawal

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

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Saudi Telecom plans Kuwait bid

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

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IPO reform needed to restore confidence

Investors and companies are increasingly abandoning a model distorted by last year's stock market crash.

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STC agrees $1.6bn loan

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

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Saudi Telecom claims 15.5mn mobile lines

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

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STC suffers fourth quarterly profit fall

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

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STC in $3bn deal for Malaysia mobile firm

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

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Saudi Telecom to buy Malaysia mobile firm

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

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Saudi Telecom to spend $1.1bn on broadband

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

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US$16.8bn Kingdom Holding moves closer to June IPO

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.

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STC unveils inorganic growth strategy

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

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Expanding its reach

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.

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Chambers praises growth in region

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.

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Promotions drag down Saudi Telecom profits

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

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KSA grants three fixed licences

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

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Saudi Telecom reports profit low

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

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Saudi Telecom gobbles Awalnet ISP

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

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STC sees Red with WiMax deployment

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

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STC on hunt for large acquisition

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

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JWT wins STC marketing account

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

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Ten bid for KSA phone licence

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

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Aljawal improves data protection

Saudi mobile telco Aljawal has deployed a customer data backup and restore service from MobiComp.

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STC on prowl for foreign expansion

Saudi Telecom is to follow other regional telecoms heavyweights in seeking acquisitions.

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Getting to grips with SOA

Service-orientated architecture (SOA) and business process management (BPM) provider, WebMethods, has stepped up its campaign to educate CIOs in the Middle East on the benefits of service-oriented architecture.

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Bidders circle third Saudi GSM license

Kuwait's MTC is favourite to secure the lucrative third mobile license in an upcoming auction.

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Saudi Telecom wins award

Saudi Telecom (STC) has picked up the award for Best Service Provider IP NGN Infrastructure of the Year at the Cisco Networkers Innovation Awards at Cannes last week.

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STC scoops IP service prize

Saudi Telecom Company (STC) has been named IP network service provider of the year by Cisco.

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Saudi telecom appoints sun for server deal

Sun Microsystems has won contracts worth US$7million from Saudi Telecom Company (STC).

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Saudi Telecom Company selects WebMethods for revenue task

Saudi Telecom Company (STC) has selected WebMethods technology to help it process its annual revenue of around US$2 billion

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STC makes ISO grade

Saudi Telecom has been awarded ISO/IEC 27001 certification for information security from BSI Management Systems.

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IT managers of the year

Finalising the ten CIOs and IT managers worthy of gracing the pages of ACN’s annual Top Ten IT Managers feature is never an easy task. It took hours of debate and a few heated verbal exchanges. Over the next seven pages we profile ten of the best IT managers in the region – individuals that have excelled in their profession and truly harnessed the power of IT to deliver tangible business benefits during 2006.

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Saudi telco garners ISO recognition

Saudi Telecom has been awarded the ISO/IEC 27001 certification for information security from BSI Management Systems.

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It's all German to me

To Abu Dhabi last week for the World Leadership Summit, which featured the likes of George Bush Senior and former German Chancellor Gerhard Schroeder. It was Schroeder who stole the show with an emotive speech, looking back at his years in office. Soon after, he gave a half-an-hour exclusive interview to CNBC Arabia's Ramia Farrage, in which he discussed fierce opposition to the Iraq war. Or so we think. Unfortunately for Farrage, all Schroeder's answers were in German. As the interview ended, she explained to him: "I've really enjoyed meeting you Mr Schroeder. Unfortunately I haven't got a clue what you were talking about."

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AT&T reinforces position in ME via telco partners

US giant signs agreements with Etisalat and STC

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Telcos

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Cisco nets router deal with STC

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Mobily hits out at STC campaign

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Can you make money from WAP?

Despite flopping miserably and being castigatigated in the press all across Europe WAP content over mobile devices has been warmly embraced by Middle East companies.

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STC moves to improve services in Saudi Arabia

Fixed line and mobile network expansions will add much-needed capacity in the Kingdom. Lower tariffs should stimulate demand for services.

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Unpaid phone bills threaten to undermine STC's services

Total amount of unpaid phone bills to Saudi Telecommunications Company tops SR 4 billion.

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Jeddah phones fall silent as meltdown disrupts service

STC's HQ had to move swiftly to restore services after a power failure fried several Jeddah telephone exchanges.

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KSA adds 155 Mbit/s Internet link to rest of world

Saudi Arabia has added a 155 Mbit/s Internet link to the rest of the world via the FLAG undersea cable.

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Internet price cuts fuels demand in KSA

Internet service providers (ISPs) in Saudi are demanding greater bandwidth capacity from the Kingdom’s two governing Internet custodians.

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