Saudi Telecom Company (STC) said on Tuesday it would book a SR621-million ($166 million) gain in the fourth quarter of this year due to expropriation of some of its land holdings by the government.
The company originally announced
Saudi Telecom Company (STC), the Gulf's No.1 telecom operator, reported a 79-per cent fall in fourth-quarter profit on Monday, missing market expectations, after it took one-time charges related to affiliates in South Afric
Saudi Telecom Company (STC), the Gulf's No.1 telecom operator, reported a 25 per cent jump in third-quarter profit, missing market expectations.
The increase in net profit was because of growth in broadband and business sector
Intigral, leading ME digital media solutions provider, has launched a dedicated fiber optic data link, STM-16, which connects its Dubai office to Saudi Telecom Company’s (STC) broadcast operations, giving viewers more channels.
Leading global information and communications technology (ICT) solutions provider, Huawei, has been selected by Saudi Telecom Company (STC) to supply new solutions to the company’s next-generation metro WDM networks in Saudi Arabia.
The chief executive of Saudi Telecom Company, Saud al-Daweesh, has resigned, two company sources said on Monday.
The sources, speaking on condition of anonymity, did not give a reason for Daweesh's resig
Saudi Telecom Company (STC) has selected Nokia Siemens Networks (NSN) to upgrade its nationwide GSM and 3G networks and expand its commercial 4G network.
Nokia Siemens Networks is now responsible for building one-third of STC’s natio
Saudi Telecom Company (STC) said it has selected Ericsson as one of the main vendors for the company’s smooth deployment of 4G/LTE network across the Kingdom.
The Saudi telco giant said with the help of Ericsson’s leading end-to-end LTE so
Saudi Telecom Company (STC) has reaffirmed its leading role in the telecom industry by launching the 4G Long Term Evolution (LTE) services in Saudi Arabia, Kuwait and Bahrain, said its top official.
This makes the STC group the f
Saudi Telecom Company saw its fourth-quarter net profit edge down 0.3 percent as foreign currency losses hit its annual income, but the operator still beat forecasts.
The former monopoly holder made a net profit of 2.28 billion riyal