Saudi Telecom Company
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| Type | Public |
|---|---|
| Industry | Telecommunications |
| Founded | 1998 |
| Headquarters |  Saudi Arabia |
| Key people | Dr. Muhammed Al-Jasser (Chairman) Saud AlDaweesh (CEO) |
| Products | Fixed line and mobile telephony, Internet services, digital television |
| Revenue |  $13.8 billion (2010) |
| Net income |  $2.5 billion (2010) |
| Owner(s) | Saudi Government |
| Website | http://www.stc.com.sa/ |
Saudi Telecom Group, STC (Arabic: مجموعة الاتصالات السعودية) is a Saudi Arabia-based telecommunications company that offers landline, mobile and internet services.
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[edit] Background
The Saudi Telecommunication Group provides integrated mobile, fixed and broadband communications services to over 142 million subscribers in 10 markets including Saudi Arabia. Headquartered in Riyadh, Saudi Arabia, Saudi Telecom Company (STC) is the largest telecommunications company by market capitalization, total revenue and number of employees in the Arab State region. Strong leadership coupled with strategic investments have increased shareholder value and enabled STC to provide 98% coverage and the introduction of new products and services (3G, 3.5G, LTE, Blackberry, IPTV, MMS,high internet speed) in Saudi Arabia .Standard & Poor’s Ratings Services has assigned STC strong (A+) and (A1) ratings to making STC the first telecom company in the region to attain this strong rating, and one of the top five rated telecom companies in the world. With a very strong balance sheet, modern network facilities, a customer centric organization and a committed work force, STC will continue to grow and expand both locally and internationally.In the last few years, STC has gone beyond its local borders to the international markets, forming a network of businesses and investments in a number of GCC countries, Asia and Africa. The company is now present in Kuwait, India, Indonesia, Malaysia, Turkey, South Africa and Bahrain which has enabled STC to serve a larger number of customers internationally.
[edit] Accomplishments
- STC wins the best operator of mobile phone services at TMT Conference
- STC wins the International Award for Development, Experience Transfer, and Innovation at TMT Conference Middle East
- STC wins the Leadership Award for pioneer Role in Telecom Industry
- STC wins the Most Innovative Data Center Project of the year from Cisco International
- STC wins the Customer Care Excellence Award granted by Middle East Excellence
[edit] Services
STC services are divided into three broad categories: Jawal (mobile network), Hatif (landline network), and Internet services. Each category is subdivided into a series of advanced and innovative individual and business services with the aim of making the consumer's life easier.
[edit] STC and social responsibility
STC has launched the "Wafaa Health program" STC to build and equip 22 health centers in all cities of the kingdom for a cost of 100 million SR.
STC also launched "Wafaa Education Program" for the purpose of educating, qualifying and training Saudi youths, contributing to the training of more than 1300 male and female students, in various colleges inside the kingdom.
Moreover, STC has launched "Wafaa Sport Program" to support Saudi sport clubs making a world record by sponsoring all Soccer super tournament clubs. Continuing its commitment to support sport development, the company has recently signed sponsoring contracts for Al-Ittihad, Al-Ahli and Al-Nasr clubs where STC shall sponsor several strategic programs for these clubs.
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Although STC is a major player in the Saudi telecom industry, but the arrival of companies like Etihad Etisalat (Mobily) and Zain Saudi has given STC a tough time as far as market share is concerned (Dahel, 2001)
