The 2024 Mobile World Congress, China Mobile International (CMI) revealed its partnership with stc Group aiming to enhance the deployment.
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The Saudi Telecommunication Company, known as STC, is the leading telecom operator in the Kingdom of Saudi Arabia (KSA), competing with United Arab Emirates (UAE)-based Etisalat for the number one spot in the region. Established in 1998, the company has been witnessing successive periods of evolution and portfolio diversification that often mirror the telecom landscape […]
Arabian Internet and Communications Services Co., also known as Solutions by STC, signed Sunday numerous contracts with the Saudi Telecom Company to advance the creation of a modernized data center for smart city, NEOM. With a valuation estimated at around $53.7 million, the contracts will set the initial groundwork to establish the needed infrastructure for […]
Saudi Telecom Company (STC) and Swedish firm Ericsson announced on Wednesday plans to delve into potential sustainable initiatives to support the Saudi telco’s network infrastructure to highlight the Kingdom’s vision. “With this new MoU, we work yet again with Ericsson to push the ICT industry’s boundaries and focus on ensuring a sustainable, environmentally viable future,” […]
Saudi Telecoms Company (STC) raised on Wednesday $966 million from its Initial Public Offering (IPO) following completion of the institutional subscription of its subsidiary Arabian Internet and Communications Services Co. Last week, the Kingdom’s state-owned telco set a price for its IPO at the highest rank of an analytical price range for Solutions by STC, […]
Arabian Internet and Communications Services Co. revealed plans of auctioning 24 million of its shares, trusting this move will raise $960 million in its initial public offering (IPO). The company, which is a subsidiary of Saudi Telekom Company (STC), will look to auction off the shares with prices ranging between $36.26 and $40.26 per share. […]
Saudi Arabia-based telecom stc partnered on Tuesday with Swedish giant Ericsson to deploy 5G standalone (SA) for consumers and enterprises on Ericsson Cloud Native Infrastructure. This move follows a two-year partnership between both telcos signed back in 2019, when the Saudi firm deployed 5G network using Ericsson’s commercial hardware and solutions including radio access network (RAN). The new expansion on stc’s 5G Core (5GC) network, will support both 5G standalone (SA), non-standalone (NSA), in addition to 4G. […]
Kuwait telecoms giant STC announced earlier last week the successful commercialization step of implementing 5G Stand Alone (5G SA). The milestone is considered to be the second and most disruptive development of the comprehensive 3GPP 5th generation compliant network. STC also successfully accomplished the widest scale of 5G deployment coverage on Sub-3GHz and 2.1GHz amongst […]
STC Kuwait and Virgin Mobile Middle East and Africa (VMMEA) announced on Sunday that they have received approval of a license as Kuwait’s first virtual network operator (MVNO) from the country’s Communication and Information Technology Regulatory Authority (CITRA). The announcement, made during a press conference attended by senior government and industry figures, will allow STC […]
UAE’s Etisalat and Saudi Arabia’s Saudi Telecom (STC) have topped the list of the most valuable telecom brands in the MEA region, just weeks following STC’s highest-ever annual revenue for the past decade. According to Brand Finance Telecoms 150 2021 report, STC’s brand value increased 14 percent to $9.2 billion, jumping five places to 13th […]