Vision 2030 is a hot topic in the Gulf region and beyond. Many eagerly anticipate the changes and developments that are expected to occur in Saudi Arabia over the next decade.
As the largest telecom operator in Saudi Arabia, the Saudi Telecom Company (STC) is a key player enabling this vision. Its initiatives and services go much further than just installing home or commercial Wi-Fi networks or setting up a mobile telephone plan.
In fact, STC is a key ICT enabler driving the future of Saudi communications. The company is taking steps to help both the private and public sector become more efficient and more competitive. This is only possible because STC operates the biggest data centres, the Kingdom’s longest fibre optic network and the largest mobile network in the region.
Vision 2030 is undoubtedly going to bring positive change to the Kingdom. STC sees its role as one vital to growth to provide the connective infrastructure for all these services.
STC has launched the Saudi Cloud Computing Company (SCCC), in partnership with ELM and the National Information Centre, to provide the public sector with secure, trusted and robust cloud computing services. What makes SCCC unique in Saudi Arabia is its capacity to provide secure management through the National Information Center alongside ELM’s experience in building cloud environments and launching large end-user services through web and smartphone applications.
STC is a listening company with communication at the core of its value system. The company understands that many of its customers would also like access to cutting edge ICT infrastructure. Therefore, in the near future, these services will be available to the private sector. This means that banks, hospitals and universities used by citizens will benefit, whether or not they are an STC subscriber.
Hub in GCC
As a country, Saudi Arabia has the largest number of regional cross border cables, making it
a prime destination for hosting various services and infrastructure.
STC believes that the best way to support Vision 2030 is by continuing to lead the ICT market in the Kingdom, provide a state-of-the-art network and make the market more services- driven, as opposed to remaining simply a supplier of telephony, hardware and software licenses.
Background of STC
The Saudi Telecom Company (STC) is headquartered in Riyadh. It is the largest telecommunications company in the Middle East and North Africa based on market value as it generated over 50,836,000,000 riyals ($13.5 billion) in revenue in 2015 and 9,334,000,000 riyals ($2.4 billion) as net income.
STC was established
in 1998 and currently counts about 100,000,000 customers worldwide. The company provides high- technology knowledge- based innovative solutions. It focuses on providing services to customers through a fiber-optic network that spans 137,000 kilometers across Asia, the Middle East and Europe.
Its main operations are in Saudi Arabia where the company operates the largest, modern mobile network in the Middle East covering more than 99% of the country’s populated areas in addition to providing 4G mobile broadband to more than 85% of the population across the Kingdom of Saudi Arabia.
Besides its main operation in Saudi Arabia, STC’s investments include 100% ownership in Viva Bahrain, 51.8% shares in Viva Kuwait along with a management contract, 35% shares in Oger Telecom Limited in UAE, which has a stake in Turk Telecom, which offers mobile services in Turkey under the brand name Avea; Cell-C in South Africa, 25% shares in Binariang GSM Holding in Malaysia, which controls both Maxis in Malaysia and Aircel in India.
In addition to the above, STC has investments in information technology, content, distribution, contact centers and real estate, all of which support its telecom operations across the Middle East.
COMPANY DETAILS & STATS
Company: Saudi Telecom Company (STC) group ceo: Dr Khaled H Biyari
Fiber-optic network: 137,000 kilometers
Areas covered: Asia, Middle East, Europe
Footprint: Saudi Arabia, Bahrain, Kuwait, UAE, Turkey, South Africa, Malaysia, India revenue (2015): 50,836,000,000 riyals ($13.5 billion)
Net income (2015): 9,334,000,000 riyals ($2.4 billion)