Costs outweigh revenue growth
In 2016, STC recorded a slight 2.4% increase in revenues at SAR51.845bn. While STC’s domestic operations witnessed increasing revenues (+2.4%), controlled international subsidiaries (mainly Bahrain and Kuwait) witnessed stable revenues (+0.3%). Domestically, STC continues with the deployment of its 4G network in all the districts of the country, and of the fiber optic network in the country to serve the business sector. In addition, Q4 2016 bundled services customer base increased 19%, yoy, domestically.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.
AlphaMena is the MENA stocks leader in independent equity research, covering 142. MENA securities spanning across 19 sectors and 8 countries relaying on a team of 11 analysts. The breadth of coverage allows AlphaMena to formulate a coherent view on markets, sectors and to highlight the best investments in Mena zone using a robust homogeneous and transparent methodology, enabling pure and pertinent comparisons based on financial and extra-financial criteria.
Unfortunately, this report is not available for the investor type or country you selected.
Browse all ResearchPool reportsReport is subscription only.
Thank you, your report is ready.
Thank you, your report is ready.