Saudi Telecom Company (STC)

https://www.stc.com.sa/wps/wcm/connect/english/individual/individual
https://www.linkedin.com/company/stc/

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.

2020 Revenue

Founded

1998

Headcount

21,495

Headquarters

Saudi Arabia

Primary Segment

Pay TV services

Ownership

Publicly Owned

News Summary:

STC implemented ServiceNow, an AI platform, creating a Technology Portal that serves thousands of employees. By the end of 2024, Saudi Arabia's listed telecom companies, including STC, reported a 69% surge in net profits, reaching SAR 28.39 billion ($7.57 billion), up from SAR 16.79 billion ($4.5 billion) in 2023. This increase resulted from higher revenues, customer base expansion, and improved operational efficiency. STC also deployed a next-generation firewall using Juniper Networks' AI-Native Security to enhance 5G security.

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Saudi Telecom Company (STC) offers 3 products in the media and telecoms services and media tech industries. Saudi Telecom Company (STC)'s product portfolio comprises of streaming services, connectivity and distribution services and pay TV services.

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Saudi Telecom Company (STC)'s revenues were $7.0M in 2020. Caretta Research has split Saudi Telecom Company (STC)'s revenue into 3 different product categories, the largest of which is pay TV, which represents 72% of Saudi Telecom Company (STC)'s revenue.

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Zawya

Saudi Telecom Company (STC) has partners like Quickplay. Examples of Saudi Telecom Company (STC)'s suppliers include Juniper Networks, Google and Smartly.io.

Analysis

Data

Analysis

Data

Saudi Telecom Company (STC)

2020 Revenue

Founded

Headcount

Headquarters

Primary Segment

Ownership

News Summary:

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