Saudi Telecom Company, also known as STC, is a publicly owned entity headquartered in Saudi Arabia. Founded in 1998, with approximately 21,500 employees, the company reported $20.7B in revenue as of 2025. Primarily focused on telecoms, it provides telecommunication services, landline, mobile, Internet services, enterprise digital solutions, entertainment, fintech, and computer networks. Initially holding monopolies in fixed and mobile telephone services in Saudi Arabia, the company lost these monopolies in 2007 with the entry of new market players. Subsequently, STC expanded into other digital services, including the Jawwy TV service.
On February 20, 2026, Saudi Arabia is reportedly considering rerouting a major fibre-optic cable linking the Kingdom to Greece through Syria instead of Israel, according to a Middle East Eye report citing officials familiar with the project. This potential move reflects shifting regional alliances and growing competition over strategic digital infrastructure. Previously, on February 19, STC, identified as a major telecom giant, forged a new partnership with Navori to reshape the Middle East’s Digital Signage and ProAV landscape. This collaboration positions Solutions by STC as an ICT integrator, aligning global digital signage with national digital transformation efforts. Earlier, on February 17, STC reported its full-year 2025 financial results, with net profit declining 39.94% to SAR 14.83 billion ($3.95 billion) from the previous year, following a substantial one-off gain in 2024. Despite this, the STC group achieved its highest-ever revenues of SAR 77.8 billion ($20.75 billion) in 2025, reflecting a 2.5% increase compared to the prior year. Excluding non-recurring items, net profit rose by 12.5%, demonstrating the strength of the group’s business model and the continued execution of its sustainable growth strategy, according to the company.
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Saudi Telecom Company (STC) offers 7 products in the media and telecoms services industry. Saudi Telecom Company (STC)'s product portfolio comprises of media and TV services, consumer electronics and telecoms.
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Saudi Telecom Company (STC)'s revenues were $20.7B in 2025. Caretta Research has split Saudi Telecom Company (STC)'s revenue into 7 different product categories, the largest of which is mobile services, which represents 33% of Saudi Telecom Company (STC)'s revenue.
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