Saturday 7 May 2016
 
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Saudi Telecom Company

Saudi Telecom Q4 profits drop 20pc

Saudi Telecom Company (STC) reported a 20.2 percent fall in fourth-quarter profit on Wednesday, missing analysts' estimates as the benefits of higher revenue were wiped out by rising service costs and expenses. STC has now rep

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Saudi Telecom Company to pay Q2 dividend

Saudi Telecom Company will distribute a second-quarter dividend of 1 riyals ($0.2667) per share, the former monopoly said in bourse filing on Sunday. The payout is the same as in the three previous quarters but higher than 0.75 ri

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Saudi Telecom Q1 net profit rises 4.7pc

Saudi Telecom Company (STC), the Gulf's No.1 telecom operator by market value, reported a 4.7 percent rise in first-quarter profit on Monday, beating estimates. The firm, which competes domestically with Etihad Etisalat (Mobil

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Saudi Telecom Q4 net profit plunges 32.6pc

Saudi Telecom Company (STC), the Gulf's No.1 telecom operator by market value, reported a 32.6 per cent slump in fourth-quarter profit on Monday, missing estimates. The firm, which competes domestically with Etihad Etisalat (M

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STC to book $166m gain on land transfer

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

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Saudi Telecom Q4 profit plunges 79pc

  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

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Saudi Telecom Q3 profit surges 25pc

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

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Intigral, STC provide more channels to viewers

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.

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STC picks Huawei for metro network

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. 

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Saudi Telecom CEO resigns

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

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