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 headquartered in Saudi Arabia. Founded in 1998, STC provides a range of services, including pay TV, landline, mobile, internet, enterprise digital solutions, entertainment, fintech, and computer networks. The company initially held monopolies in fixed and mobile telephone services in Saudi Arabia but lost these monopolies in 2007 due to market liberalization. In response, STC diversified its offerings and expanded into other digital services, such as the Jawwy TV service. As of 2020, STC had over 21,500 employees and generated less than $10 million in revenue.

2020 Revenue

Founded

1998

Headcount

21,495

Headquarters

Saudi Arabia

Primary Segment

Pay TV services

Ownership

Publicly Owned

Similar Companies

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

21st

2024

04:28

Partnerships and Alliances, Blockchain, Caretta Research_Monitor Company

ZetaChain Joins Forces with stc Bahrain to Revolutionize Blockchain Interoperability.

Amid a drive to increase the use of blockchain solutions in the Middle East, ZetaChain the universal Layer-1 blockchain network collaborates with stc Bahrain, a subsidiary of Saudi Telecom Company (stc), the largest telecom operator in the region.

Bitcoin Ethereum News

Dec

21st

2024

04:09

Partnerships and Alliances, Blockchain, Caretta Research_Monitor Company

ZetaChain Partners with stc Bahrain to Boost Blockchain Adoption

In a significant step toward enhancing blockchain adoption in the Middle East, ZetaChain, a universal Layer-1 blockchain network, has joined forces with stc Bahrain, a subsidiary of Saudi Telecom Company (stc), the region’s leading telecom operator.

CoinTrust

Dec

18th

2024

17:38

Caretta Research_Monitor Company

IDREAMSKY, Saudi Telecom Company's stc play Nail Co-op

For sharing news, please enter the email address of you and the receiver, then press SEND button. *Mandatory Fields Receiver * Enter email addresses, separated by semicolon (;). E.g. a@a.com;b@b.com Your email address * Content Sharing IDREAMSKY, Saudi Telecom Company's stc play Nail Co-op IDREAMSKY (01119.HK) announced that Shenzhen iDreamSky Technology Co., Ltd., a consolidated affiliated entity of the Company, recently reached a cooperation with stc play, and the ...

AAStocks

Dec

11th

2024

11:46

Procurement and Sales, Caretta Research_Monitor Company

solutions, stc ink joint agreement exceeding SAR 151m

Riyadh – Mubasher: Arabian Internet and Communications Services Company (solutions) and Saudi Telecom Company (stc) penned, on 10 December, a joint deal valued at SAR 151.17 million. The three-year agreement includes providing Red Hat licenses with professional services and technical support, according to a bourse disclosure.

Mubasher

Dec

10th

2024

18:30

Procurement and Sales, Caretta Research_Monitor Company

Solutions, stc ink joint agreement exceeding $40.1mln

Arabian Internet and Communications Services Company (solutions) and Saudi Telecom Company (stc) penned, on 10 December, a joint deal valued at SAR 151.17 million. The three-year agreement includes providing Red Hat licenses with professional services and technical support, according to a bourse disclosure.

Zawya

Dec

10th

2024

18:30

Procurement and Sales, Caretta Research_Monitor Company

Solutions signs a contract with STC worth 151.2 million riyals

Riyadh - Mubasher: The Arabian Internet and Communications Services Company (Solutions) signed a contract with the Saudi Telecom Company (STC) on December 10, 2024, to renew the contract to provide Red Hat licenses and provide the necessary maintenance and technical support services.

Sahm

Dec

5th

2024

23:40

M&A Activities, Divestiture, Caretta Research_Monitor Company

Public Investment Fund’s Sale of 2% Stake in Saudi Telecom – Global Legal Chronicle

White & Case advised Goldman Sachs Saudi Arabia and SNB Capital Company as Joint Global Coordinators and Joint Bookrunners on the transaction.The Public Investment Fund (PIF),… Standard 1 Year Membership Required You must be a Standard 1 Year member to access this content.

Global Legal Chronicle

Dec

5th

2024

18:30

Procurement and Sales, Artificial Intelligence, Caretta Research_Monitor Company

GCC cyber-AI startup SpiderSilk inks pact with cyber arm of Saudi Telecom Company

SpiderSilk, billed as GCC’s first cyber-AI startup, signed a Memorandum of Understanding (MOU) with Sirar, the cyber arm and managed security service provider of Saudi Telecom Company (STC) Group. The agreement, signed at Black Hat – the leading cybersecurity event, is to act as a foundation for a full technology partnership between the two entities.

Arabian Business

Dec

5th

2024

11:04

Business Expansion, Procurement and Sales, Artificial Intelligence, Caretta Research_Monitor Company

Leading GCC-based cybersecurity provider

Partnership to boost SpiderSilk’s market presence in Saudi Arabia and strengthen cybersecurity for Sirar’s customer base Agreement follows rapid growth for SpiderSilk: 5x revenue growth in the last 20 months and global expansion Riyadh, Saudi Arabia, December 5, 2024: SpiderSilk—the GCC’s first cyber-AI startup—has signed a Memorandum of Understanding (MOU) with Sirar, the cyber arm and managed security service provider (MSSP) of STC Group (Saudi Telecom Company).

Cio News

Nov

27th

2024

18:30

Partnerships and Alliances

China Telecom Saudi Arabia Company Founded in Riyadh

China Telecom Saudi Arabia Company (literal translation of "中國電信沙特公司") was officially established in Riyadh recently. The new company held a strategic cooperation signing ceremony with Saudi Telecom Company (STC), Huawei Saudi Arabia and Baud Telecom Company.

AAStocks

Nov

27th

2024

18:30

Partnerships and Alliances

China Telecom Saudi Arabia Company Founded in Riyadh

AAStocks

Nov

16th

2024

18:30

Saudi Wealth Fund Sells $1 Billion Stake in Telecom Giant to Support Vision 2030 🌐📉 – Siolla.

Saudi Arabia’s Public Investment Fund (PIF) has sold part of its stake in Saudi Telecom Co. (STC), marking a major move to generate funds for the kingdom’s Vision 2030 program. The PIF sold 100 million shares, equivalent to a 2% stake in STC, for about $1 billion, pricing each share at 38.6 riyals ($10.27).

Siolla

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

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Analysis

Data

Saudi Telecom Company (STC)

2020 Revenue

Founded

Headcount

Headquarters

Primary Segment

Ownership

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