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

Introduction

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

Highlights

  • Saudi Telecom Company's (STC's) total group revenues decreased by 4.3% year on year in FY17, from SAR53.6bn ($14.3bn) to SAR51.3bn ($13.7bn). This was mainly because of the decline in customer sector performance due to challenging economic conditions and the regulatory environment.
  • In September 2017, the Saudi Arabian telecoms regulator, the CITC, revoked a ban on internet voice and video calling apps such as WhatsApp, Skype, and Viber in Saudi Arabia. This has significantly impacted STC's international calls revenue. However, the impact of voice decline on overall group revenue was offset by the strong growth in data revenue.
  • STC's net profit increased by 14.3% year on year in FY17, from SAR8.8mn ($2.3bn) to SAR10.1mn ($2.7bn). The increase in net profit was due to improved operational efficiency and successful cost optimization initiatives.

Features and Benefits

  • This report analyzes STC's financial and operational performance between 4Q16 and 4Q17.
  • 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

Summary

  • Introduction
  • Download 1: STC Update, May 2018

Recommended Articles

  • Internet of Things

    IoT Viewpoints 2018

    IoT Viewpoints explore the IoT opportunity in 2018 and beyond. Download our latest e-book to get our newest collection of thought leadership articles on the emerging IoT trends, technologies and opportunities.

    Topics IoT

  • Consumer & Entertainment Services

    US pay TV: Is it facing an existential threat?

    By Adam Thomas 28 Mar 2018

    With US pay TV having endured the worst year in its history, thoughts have inevitably turned to the future. The likelihood remains that the immediate future will remain highly uncomfortable for everyone except the scaled multinational digital platforms.

  • Enterprise Services

    5G: Another technology in search of enterprise use cases

    By Evan Kirchheimer 26 Apr 2018

    Service provider interest in justifying 5G investment through its potential to open new revenue streams from the enterprise segment is growing ever greater.

;

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 ClientServices@ovum.com

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 pr@ovum.com

Contact marketing - 
marketingdepartment@ovum.com

Already an Ovum client? Login to the Knowledge Center now