- Saudi Telecom Company
Infobox_Company
company_name = Saudi Telecom Company
_ar. شركة الاتصالات السعودية
company_
company_type = Public
company_slogan = Your World. Delivered
foundation = 1998
location =
key_people = Dr. Muhammed Al-Jasser (Chairman)
Saud Al-Daweesh"(President)
industry =Telecommunications
num_employees =
products =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 Company, STC ( _ar. شركة الإتصالات السعودية) is a
Saudi Arabia -based telecommunications company that offerslandline , mobile and Internet services.History
Saudi Telecom (STC) began commercial operations in
1998 asSaudi Arabia 's soletelecommunication operator with six hundred thousand subscribers. At the beginning of2000 , STC had 1.4 million subscribers and with the introduction of itsprepaid card Sawa ended that same year with 2.5 million.By the end of 2002, theSaudi Government announced 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%). TheIPO price was set at 170Saudi riyal per share and generated 36 billionSaudi riyal for the Saudi treasury, By the end of the subscription period, requests for shares exceeded the number offered by 3.5 times . TheGeneral Assembly Meeting of Saudi Telecom new shareholders held at the end of April2003 , elect new board members for the first time. By the time the company was listed on the Saudi Stock Exchange(Tadawul ) at the end of2002 , it had in excess of five million subscribers. . By the end of2005 Saudi Telecom was ranked asSaudi Arabia 's fourth largest company in terms of market capital and 17th among member countries of theOrganization of the Islamic Conference with over 12 million mobile subscribers and 3.3 million fixed land lines, the largest telecom operator in theMiddle East ern region. The company covers 98 percent ofSaudi Arabia , about 2,600 cities and villages Through its subsidiaryArab Submarine Cables Company , STC with Emirates Telecommunications CorporationEtisalat and Iraqi Telecommunications and Post CompanyITPC have commenced the laying of the firstfiber optic submarine cable to land inIraq ; connecting theUAE ,Saudi Arabia andIraq .Etisalat and Saudi Telecom have also partnered up to commission an international high capacitySEA-ME-WE 4 submarine cable that connectsFrance toSingapore and links other nations en route. STC is the parent company ofSaudi Net , Saudi Arabia's largest internet service provider in terms of subscribers, and a founding major shareholder inArab Satellite Communications Organization , a satellite communications and television broadcasting corporation. It is also a shareholder inThuraya Satellite Telecommunications Company , a satellite-based mobile telephone company. In July2004 , the government granted a second mobile license toEtisalat , which initiated a new competitive age for STC.Zain consortium won the third mobile license inSaudi Arabia in April2007 . STC'smonopoly in fixed lines was broken whenBatelco and its alliances, includingAtheeb Group , won Saudi Arabia's second fixed-line license in April2007 .In august 2008 they signed a five year sponsorship deal with English premier leauge club
Manchester United to provide fans in Saudi Arabia with exclusive content including Goals, News updates and exclusive ringtones.One of the most interesting issues with
STC current 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 captureAnother 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
prepaid call plans, monthly subscription plans,roaming , MMS, WAP (over bothGSM andGPRS ), Residential Fixed Line services,Broadband Internet plans, ,3.5G services to both pre-paid and subscription customers.For business customers, Saudi Telecom offer
VSAT services (satellite based communications) andBlackBerry based 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
Management
Dr.
Muhammed Bin Suliman Al-Jasser "(Chairman of the Board)Eng.
Saud Bin Majed Al Daweesh PresidentKhalid bin Abulrahaman Al-Jasir VP, Strategic,AffairsSaad bin Dhafir Al-Kahtani VP, HomeHumoud bin Mohammed Al-Kusayer VP, Regulatory AffairsSamir bin Asaad Matbouli VP , VP, EnterpriseSaad bin Ahmed Demyati VP, WholesaleJamil bin Abdullah Al-Mulhim VP, PersonalZiad bin Thamir Al-Otaibi VP, NetworkSalah bin Mohammed Al-Zamil VP, Human ResourcesOmer bin Mohammed Al-Turky VP, Shared ServicesAmeen bin Fahad Al-Shiddi VP, FinanceIbrahim bin Salih Al-Dhobaie VP, Information TechnologyMajor Shareholders
ubsidiaries Or Associates Or Affiliates
ee also
*Etihad Etisalat/Mobily
*bravO! Telecom
*Bayanat Al Oula for Network Services
*Communication in Saudi Arabia External links
* [http://www.stc.com.sa/ Saudi Telecom's Electronic Gateway]
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