H1 2015, an unexpected mixed set of results!
In H1 2015, STC recorded an impressive 9.7% increase in revenues at SAR24.696bn, with strong revenues growth from, both, domestic operations and controlled international subsidiaries (mainly Bahrain and Kuwait), (+11.4% and 7.1%, yoy, respectively). STC continues with the deployment of the fiber optic technology for both business and residential networks. Q2 2015 “FTTH†customers increased by 15%, yoy, domestically. Q2 2015 Enterprise business unit overall revenues increased approximately 17%, yoy, driven by the 28% increase in Business sector data services revenues.
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