Saudi Telecom (STC), the Gulf's No.2 telecoms operator by market value, has posted a forecast-beating 73 per cent rise in third-quarter profit, attributing the rise to cost savings.
Having announced surprise profit falls in ea
Aegis Limited, a global outsourcing and technology services company and part of the $39 billion conglomerate Essar, said its joint venture firm Contact Centre Company (CCC) has won a multi-million dollar contract from STC to provide human resour
Saudi Telecom Co (STC) has begun steps to sell its Indonesian business, banking sources said on Monday, as the state-owned firm posted a 41-percent drop in second-quarter profit.
Saudi Telecom has invested heavily in its Indonesia
Saudi Arabia's Mobily has signed memorandum of understandings with Nokia Siemens Networks and Ericsson to fund the purchase of $650 million of equipment from the firms, the telecom operator said on Sunday.
Saudi Telecom Company (STC) is a firm with a market capitalisation of $21 billion but no permanent chief executive. It has spent billions of dollars to buy foreign assets, but competitive pressures may force it t
Viva Kuwait, an affiliate of Saudi Telecom Co (STC), has signed a $270 million, five-year loan with National Bank of Kuwait (NBK) to finance the operator's network expansion, it said in a statement on Tuesday.
This borrowing i
Ikoo, a leading digital marketing solution provider, announced a major partnership with STC Ventures, backed by Saudi Telecom Company (STC), which has invested $3 million in the company to fund its future growth plans.
LinkedIn, a leading professional network with more than 200 million members worldwide and over five million professionals in the Mena region, has annouced a strategic partnership with Saudi Telecom Company (STC), the leading operator in the King
Saudi Telecom Company (STC) has appointed the company's chairman as acting chief executive, two sources familiar with the matter said on Monday, in the latest management upheaval at the Gulf's No.2 operator.
Saudi Telecom Co's chief executive Khaled Al-Ghoneim has resigned after less than a year in the job, the latest senior management executive to quit as the former monopoly tries to arrest a sustained profit slump.