- Saudi Telecom Company
company_name = Saudi Telecom Company _ar. شركة الاتصالات السعودية
company_type = Public
company_slogan = Your World. Delivered
foundation = 1998
key_people = Dr. Muhammed Al-Jasser (Chairman)Saud Al-Daweesh"(President)
Telephone, Internet, broadband Internet, Mobile phone, VoIP, IP VPN
revenue = profitSAR 34.46 billion profitUSD 9.19 Billion (2007)
homepage = http://www.stc.com.sa/
Saudi Telecom (STC) began commercial operations in
1998as Saudi Arabia's sole telecommunicationoperator with six hundred thousand subscribers. At the beginning of 2000, STC had 1.4 million subscribers and with the introduction of its prepaid cardSawa ended that same year with 2.5 million.By the end of 2002, the Saudi Governmentannounced that 30% of Saudi Telecom Shares will be released for sale to Saudi citizens & organizations; Saudi citizens (20%), General Organization of Social Insurance (GOSI) (5%), and Pension Fund Organization (5%). The IPOprice was set at 170 Saudi riyalper share and generated 36 billion Saudi riyalfor the Saudi treasury, By the end of the subscription period, requests for shares exceeded the number offered by 3.5 times . The General AssemblyMeeting of Saudi Telecom new shareholders held at the end of April 2003, elect new board members for the first time. By the time the company was listed on the Saudi Stock Exchange( Tadawul) at the end of 2002, it had in excess of five million subscribers. . By the end of 2005Saudi Telecom was ranked as Saudi Arabia's fourth largest company in terms of market capital and 17th among member countries of the Organization of the Islamic Conferencewith over 12 million mobile subscribers and 3.3 million fixed land lines, the largest telecom operator in the Middle Eastern region. The company covers 98 percent of Saudi Arabia, about 2,600 cities and villages Through its subsidiary Arab Submarine Cables Company, STC with Emirates Telecommunications Corporation Etisalatand Iraqi Telecommunications and Post Company ITPChave commenced the laying of the first fiber optic submarine cableto land in Iraq; connecting the UAE, Saudi Arabiaand Iraq. Etisalatand Saudi Telecom have also partnered up to commission an international high capacity SEA-ME-WE 4submarine cable that connects Franceto Singaporeand links other nations en route. STC is the parent company of Saudi Net, Saudi Arabia's largest internet service provider in terms of subscribers, and a founding major shareholder in Arab Satellite Communications Organization, a satellite communications and television broadcasting corporation. It is also a shareholder in Thuraya Satellite Telecommunications Company, a satellite-based mobile telephone company. In July 2004, the government granted a second mobile license to Etisalat, which initiated a new competitive age for STC. Zainconsortium won the third mobile license in Saudi Arabiain April 2007. STC's monopolyin fixed lines was broken when Batelcoand its alliances, including Atheeb Group, won Saudi Arabia's second fixed-line license in April 2007.
In august 2008 they signed a five year sponsorship deal with English premier leauge club
Manchester Unitedto provide fans in Saudi Arabia with exclusive content including Goals, News updates and exclusive ringtones.
One of the most interesting issues with
STCcurrent market situation, is the fact that their services does not cover the whole of the country considering it is the oldest government owned telecom company operating in Saudi Arabia, as their focus is to services certain areas of the country where high netwroth individuals, Government bodies, Government officials and large businesses reside, case in point, Riyadh the capital of Saudi Arabia is not covered in total (Please note that this issue has been outstanding for a number of years) not to mention other rural areas, Thus, giving other telecom companies in the area a significant market share to capture
Another interesting topic is their sponsorship deal of
Manchester Untied, where they have gone overseas to sponsor a football team, neglecting local interests, case in point, Zain(an international telecom provider www.zain.com) have paid more than SR 138 Million (US$ 36.8 Million) in sponsorship to a local race track ( Al-Reem International Race Track) to promote the motor sports industry being a startup industry with a huge fan interest potential and help the community that they earn their income from.
Products and services
Saudi Telecom provides a variety of mobile communication products and services. They offer
prepaidcall plans, monthly subscription plans, roaming, MMS, WAP (over both GSMand GPRS), Residential Fixed Line services, Broadband Internetplans, , 3.5Gservices to both pre-paid and subscription customers.
For business customers, Saudi Telecom offer
VSATservices (satellite based communications) and BlackBerrybased mobile services besides regular services.
Saudi Telecom Mobile Unit (ALJAWAL) currently serves over 17 million customers in Mobile Service. And Serve Over 4 Million Landlins Customers Throw its Residential Unit ( ALHATIF).
TC New Logo
In September 13, 2008, STC launched its new logo.The old logo was
Muhammed Bin Suliman Al-Jasser"(Chairman of the Board)
Saud Bin Majed Al DaweeshPresident Khalid bin Abulrahaman Al-JasirVP, Strategic,Affairs Saad bin Dhafir Al-KahtaniVP, Home Humoud bin Mohammed Al-KusayerVP, Regulatory Affairs Samir bin Asaad MatbouliVP , VP, Enterprise Saad bin Ahmed DemyatiVP, Wholesale Jamil bin Abdullah Al-MulhimVP, Personal Ziad bin Thamir Al-OtaibiVP, Network Salah bin Mohammed Al-ZamilVP, Human Resources Omer bin Mohammed Al-TurkyVP, Shared Services Ameen bin Fahad Al-ShiddiVP, Finance Ibrahim bin Salih Al-DhobaieVP, Information Technology
ubsidiaries Or Associates Or Affiliates
* [http://www.stc.com.sa/ Saudi Telecom's Electronic Gateway]
Wikimedia Foundation. 2010.