Monday 21 April 2014
 
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STC signs deal for SAP network solutions

Saudi Telecom Company (STC) has signed up SAP, a global leader in business software, to implement solutions for network life-cycle management (NLM) to improve its network operations. The solution will improve STC’s customer

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Saudi Telecom to lift curtain on new film releases

Hollywood has missed out since Saudi Arabia banned cinemas in the 1970s, but residents may soon get to see movies at home on the same day as their release elsewhere in the Gulf in a new service promised by Saudi Telecom Co (STC).

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Telcos claim 55pc of profit growth in Saudi

The telecom sector of Saudi Arabia claimed 55 per cent of the overall profit growth of the listed companies, a report said. The sector posted profits of SR14.8 billion ($3.95 billion) in 2013 as against SR11.3 billion in 2012, mar

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STC profit lifted by accounting change

Saudi Telecom Co's (STC) fourth-quarter profit rose more than expected after it changed its method of accounting for an Indian unit, the Gulf's No.1 telecom operator said. Saudi Telecom reported a net profit of 3.62 billio

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Egypt Telecom denies plans to sell Vodafone stake to STC

Egypt Telecom, the country's main telephone company, has denied media reports that it is planning to sell its 45 per cent stake in Vodafone Egypt to Saudi Telecom Company (STC). The news, however, drove the Egyptian company's shares to a

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STC to take ownership of Wataniya's Saudi unit

Saudi Telecom Co (STC) has agreed to take full ownership of push-to-talk communications firm Bravo in a deal that will see Bravo's current owner Wataniya also pay STC $65 million to settle outstanding dues. Push-to-talk is a t

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Malaysian firm to buy Saudi Telecom stake in Axis

Malaysia's Axiata Group will buy Saudi Telecom's Indonesian unit, boosting its presence in Southeast Asia's largest economy and hastening further consolidation in its over-crowded telcoms sector.   Th

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STC unit picks Moelis to advise on $1.2bn loan

Saudi Telecom's (STC) Indonesian unit has picked Moelis & Co to advise it on negotiations with lenders as the operator steps up efforts to restructure a $1.2 billion Islamic loan, two sources familiar with the matter said.

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Banks 'in loan restructure row with STC'

Lenders including Deutsche Bank, HSBC and China Development Bank are resisting calls by Saudi Telecom (STC) to restructure a loan that could potentially leave them with losses of up to $600 million, Reuters quoted banking and industry sources

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High costs, foreign troubles challenge Saudi telecom giant

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

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