Headquarters
Saudi Arabia
Latest investment
Dec 18 2016
No. of Startups
1
Website
http://www.stc.com.sa
INDUSTRIES INVESTED
countries invested
funding size
Offices
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Founded
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Latest investment date
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Latest investment name
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No. of startups
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No of rounds
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No of Co investors
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Avg No of co-investors per round
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Offices
Saudi Arabia
HQ address
PO Box, Riyadh, 11652, SAU
description
Saudi Telecom Company, is a Saudi Arabia-based telecommunications company that offers landline, mobile, internet services and Computer network.The company lost its monopoly on mobile phone services after the assignment of a second license to Etihad Etisalat. In April 2007 its monopoly on fixed telephone services ended after the victory of a coalition led by the Bahraini Batelco second license put forward by the government, and also the company's prepaid card and called Sawa, it is a popular deployment in Saudi Arabia.BackgroundThe subscriber service of mobile is about 81% of the total Saudi Telecom subscribers were investigating the company's 73% of total revenue, and that was by the end of the year 2007. the number of service subscribers reached 17.3 million subscribers at the end of the year 2007. Formed at that time 61% of the total mobile phone users in Saudi Arabia.It is was also fixed line subscriber services about 19% of the total subscribers in the company's services are investigating the company's 27% of its revenue as of the end of 2007.The Saudi Telecom Company expanded beyond the borders of the host country and that the acquisition of 25% of the Axis Group - Malaysia - and it is working in the field of telecommunications value of $3.04 billion. Which in turn operates a number of mobile phone networks in each of the Malaysia and Indonesia and India. The agreement also included the acquisition of 51% of Ntarend Co Pte (a subsidiary of the group) and the award-phone license mobile in Indonesia. As STC got 26% of the third mobile phone license in the Kuwait worth reached $924.6 million. Acharkhaly acquired 35% of shareholders' stakes in the company Oger Telecom based United Arab Emirates in the beginning of the year 2008. In a deal worth $2.85 billion.

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