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Saudi Telecom profits plunge 38.5pcSaudi Telecom Co (STC), the Gulf's No.2 telecom operator, reported a 38.5 percent year-on-year plunge in first-quarter net profit on Sunday, far below market expectations, after taking charges relating to an affiliate in In More… |
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STC appoints chairman as acting CEOSaudi Telecom Company (STC) has appointed the company's chairman as acting chief executive, two sources familiar with the matter said on Monday, in the latest management upheaval at the Gulf's No.2 operator. More… |
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Kuwait telco Viva turns profitableA rapidly increasing customer base helped mobile operator Viva Kuwait make an annual profit for the first time in 2012, four years after the Saudi Telecom Co (STC) affiliate launched services. U More… |
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Saudi Telecom CEO resignsSaudi Telecom Co's chief executive Khaled Al-Ghoneim has resigned after less than a year in the job, the latest senior management executive to quit as the former monopoly tries to arrest a sustained profit slump. More… |
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Saudi's top telcos eking out Q4 profit gainsSaudi Arabia's top two telecom operators - Saudi Telecom Company (STC) and Etihad Etisalat (Mobily) - will show the rewards of their efforts to cut costs and lure customers to more costly contracts when they post results later this month. More… |
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STC Indonesian unit eyes $300m tower salePT Axis Telekom Indonesia, controlled by Saudi Telecom Company, is planning to sell 1,600 telecommunication towers worth around $300 million, three sources with direct knowledge to matter said on Friday. Asian telecommunication fi More… |
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IT innovations 'making SMEs more efficient'Innovations in technology such as cloud computing are making small and medium enterprises (SMEs) efficient and more cost effective, said an industry expert. Cloud technology, which enables companies to outsource various business p More… |
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Broadband to drive Saudi telecom sectorSaudi Arabia’s telecom sector has strong growth potential with profit growth largely driven by value-added services such as broadband, costs efficiencies, and international operations, said a report. “We believe that the cor More… |
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Morgan Stanley upgrades STC to overweightMorgan Stanley said it expects Saudi Telecom Co's (STC) earnings momentum to improve as domestic revenues stabilize, and upgraded the stock saying the company could boost dividend payout as early as next year. Morgan Stanley upgraded S More… |
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Saudi Telecom appoints new group CEOSaudi Telecom Co, the Gulf's No1 telecoms operator, has appointed Khaled Al-Ghoneim as group chief executive, the former monopoly said on Wednesday. Ghoneim will take up his new post on June 18, replacing Saud Al-Daweesh, who resigned in A More… |
