skip to main content
Close Icon We use cookies to improve your website experience.  To learn about our use of cookies and how you can manage your cookie settings, please see our Cookie Policy.  By continuing to use the website, you consent to our use of cookies.
Global Search Configuration


This is an update of STC's activities, covering mobile, fixed broadband, pay TV, operator initiatives, and consumer market trends.


  • STC's mobile subscription count reached 163 million at end-1Q17. As of end-1Q17, the operator had retained its market leadership position in Saudi Arabia, whereas in Malaysia, its subsidiary Maxis Communications had lost its market-leading position to Digi. In September 2016, it was reported that STC was considering offloading its stake in Maxis.
  • In May 2017, STC announced the establishment of STV, the largest technology venture capital fund that aims to achieve its strategic growth aspirations and to help realize Vision 2030’s technological ambitions. STV has been approved with a size of $500m, making it the largest institutional technology venture capital fund in the Middle East.
  • At end-1Q17, Saudi Arabia, Kuwait, and Bahrain reported the highest ARPU, due to the higher levels of disposable income among residents. The group's lowest ARPU is in India.

Features and Benefits

  • This report analyzes STC's financial and operational performance between 2Q16 and 2Q17.
  • The report also identifies STC's key growth areas in its markets of operation.

Key questions answered

  • What are STC's key operational and financial highlights over the last year?
  • What are the key drivers to the group's financial growth in the future?

Table of contents


  • Introduction
  • Download 1: STC Group Update, August 2017

Recommended Articles


Have any questions? Speak to a Specialist

Europe, Middle East & Africa team - +44 (0) 207 017 7700

Asia-Pacific team - +61 (0)3 960 16700

US team - +1 646 957 8878

Email us at

You can also contact your named/allocated Client Services Executive using their direct dial.
PR enquiries - Call us at +44 788 597 5160 or email us at

Contact marketing -

Already an Ovum client? Login to the Knowledge Center now