An expected contrast of results
In 9M 2016, STC recorded a healthy 5.9% increase in revenues at SAR39.833bn, with revenue growth from, both, domestic operations and controlled international subsidiaries (mainly Bahrain and Kuwait), (+5.1% and 1.5%, yoy, respectively). STC continues with the deployment of the fiber optic technology for both business and residential networks. Q3 2016 “FTTH†customer base increased by 33%, yoy, domestically. Q3 2016 Enterprise business unit’s overall revenues increased by approximately 20%, yoy, driven mainly by the 28% and 21% increase in the Business sector’s data services’ revenues, and Enterprise mobile services’ revenue, respectively. In accordance with the approved dividend policy for three years starting from Q4 2015, which was announced on 11 November 2015, then ratified during the General Assembly Meeting on April 4th 2016, STC will distribute a total of SAR2.000bn in cash dividend for Q3 2016, i.e. SAR1 per share.Saudi Telecom is a telecommunications services company based in Saudi Arabia. Co.'s activities comprise the provision of a variety of telecommunications services which include mobile (2G and 3G), fixed local national and international telephone services, telex, telegraph and data services such as data transmission, leased lines, internet services and e-commerce. Co.'s main operating segments comprise: GSM, for which the main services are: mobile, third generation services, prepaid cards, international roaming and messages; PSTN, main services are: fixed line, card telephones, interconnect and international calls; DATA, main services are: leased data transmission circuits, DSL and internet.
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