Are You Keeping Up with the Fintech-Telecom Train?

In 2023, critical decisions will be informed by enhanced data analytics as a result of increased data application. In 2023, fintech in telecom, and vice versa, will allow the financial sector it to provide various tools to support financial transactions anywhere. When 5G is completely implemented in 2023 by authorized 5G operators, fintech will rely […]

Six Influential Telecom CEOs in 2022 

A functioning society depends on the telecommunications sector. Over time, it proved crucial for families, communities, businesses, and governments. The COVID-19 pandemic and the widespread move to remote work increased the demand for a solid connection and an advanced telecommunications infrastructure for every civilization. Being a telecom CEO is a challenging task. In this article, […]

Saudi Telecommunication Company (STC): When an Oligopoly Replaces a Fading Monopoly

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 […]

STC Solutions finalizes $53 million NEOM contracts

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 […]

STC, Ericsson unite to wire renewable energy infrastructure

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 Arabia’s STC seals $966 million in IPO

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, […]

STC’s subsidiary IPO might reach $960 million

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. […]

STC, Alibaba Group announce cloud services deal

State-owned Saudi Telecom Company (STC) announced a $500 million partnership deal with venture capital fund eWTP Arabia Capital, and Alibaba Cloud to provide high-performance public cloud services in the Kingdom. Alibaba Cloud, which is the digital technology and intelligence backbone of Alibaba Group, considers KSA as a strategic market for its operations in the GCC […]

Telecom operators STC & Etisalat rank top of the brands

Telecom operators STC and Etisalat have respectively topped a ranking of the Saudi Arabian and Emirati brands, according to a newly released report by WPP, one of the world’s biggest advertising company. The report, which was done by WPP’s data management division Kantar, highlighted that the telecommunications sector contributed to 70 percent, $35 billion, of […]