PIF maintains ownership of 3.1 billion shares, equivalent to 62 percent of stc’s issued share capital, following the transaction
STC
Latest in STC
Saudi Arabia
Saudi’s stc Group signs partnership with Nexthink to boost employee digital experience
The strategic partnership aims to enhance stc Group service delivery and retain its position as a world-class digital leader
PIF
Saudi Arabia’s PIF takes 51% stake in STC’s $5.85bn tower firm TAWAL
PIF and STC will team up for Saudi telecommunication tower giant TAWAL
F1
STC Group renews title partnership of Saudi Arabian Grand Prix
Saudi Telecom Company has been the title sponsor since the inaugural F1 race in Jeddah Corniche Ciurcuit in 2021
saudi telecom
Saudi Arabia’s stc reports $19.3bn revenue and $3.6bn net profit
Saudi telecom giant profits and revenues leap on commercial and wholesale unit hikes
5G
Saudi Arabia announces massive 5G network expansion
Saudi Arabia’s stc to develop 5G network in more than 75 cities
STC
Saudi’s STC takes $2.3bn stake in telecoms giant Telefonica
Saudi Telecommunication Corporation takes 9.9 per cent stake in Telefnica
eSports
Saudi Esports Federation, stc announces strategic partnership for this year’s Gamers8
The Saudi technology group will provide high-speed internet service at all events of the federation this season
Saudi Arabia
Saudi’s stc invests $933m in education and health
Saudi Arabia telecoms giant empowering SMEs and NGOs in the Kingdom
Germany
Saudi tech firm snaps up $1.34bn German telecoms assets
Saudi’s stc subsidiary Tawal makes foray into the European market
5G network
STC enhances network connectivity in Makkah and Madinah for Umrah pilgrims during Ramadan
The 5G network in the Grand Holy Mosque has been increased by 130 percent, compared to last year
Saudi Arabia
Saudi Telecom Company reports record $3.24bn profit for 2022
Saudi Telecom Company achieved record revenues of $18bn last year
PIF
STC gets offer from PIF to buy 51% stake in group’s Telecom Towers Company
The PIF’s offer is for a total valuation of SAR 21.94 billion
Capital Markets
Board of Saudi Arabia’s biggest mobile operator recommends 150 percent increase in capital
Saudi Telecom Company (STC) wants to boost its capital to $13.33 billion by offering bonus shares to fund its regional expansion
5G
stc, Ericsson ink agreement to further drive Saudi Arabia’s 5G connectivity
The partnership with Ericsson will enable stc to expand its 5G network coverage and unleash the value of new service
Data Center Interconnect
Nokia, stc complete MEA region’s first trial of 1-Terabit high-capacity channel
Nokia PSI-M supports service providers to efficiently scale network capacity to support new applications and access technologies
Awal Telecom
Saudi’s STC buys Pakistan’s Awal Telecom
The deal signals STC’s push to build new business lines outside Saudi Arabia