Saudi Telecom Company (STC), also known as STC Group, is a publicly owned Saudi Arabian telecommunications company founded in 1998. Employing approximately 21,500 people, STC offers a range of services including landline and mobile telephony, internet access, enterprise digital solutions, entertainment (such as Jawwy TV), fintech, and computer networks. Initially holding monopolies in fixed and mobile telephony within Saudi Arabia, STC lost these exclusive positions in 2007 following market liberalization. In 2020, the company reported revenues of less than $10 million. Its headquarters are located in Saudi Arabia.
STC agreed to purchase a portfolio of tower assets from United Group for €1.22 billion (S$1.78 billion) on an unspecified date. A delegation from the Ministry of Communications and Information Technology visited STC to receive a briefing on business models and technical developments on an unspecified date. STC and CloudSky announced a strategic collaboration to develop innovative digital services powered by 5G on an unspecified date. STC and Ethio telecom held high-level talks in Addis Ababa to explore a strategic partnership for business expansion and diversification on an unspecified date. Further talks between STC and Ethio telecom deepened ties aimed at expanding business collaboration, diversifying services, and accelerating digital transformation on an unspecified date.
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Saudi Telecom Company (STC) offers 5 products in the media and telecoms services industry. Saudi Telecom Company (STC)'s product portfolio comprises of media and TV services, telecoms services and consumer electronics.
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