STC received the Excellence Award for its leadership in the growth of the 4G communications market globally
Saudi Telecom Company (STC) obtained the “Excellence” award, organized by the Global Forum for Developers of the Fourth Generation Communications Market (GTI), for its leadership and contribution to the growth and development of the 4G market globally.
The award was received by Engineer Abdullah Alzamami, Vice President of Networks, during an awards ceremony that was held as part of the events of the Mobile World Congress (MWC) in Barcelona.
It is noteworthy that this award is dedicated to honour operators who have contributed significantly to the growth of the fourth generation network TDD-LTE in terms of development and expansion of the 4G network, as well as the volume and spread of customers.
With their headquarters in Riyadh, Saudi Telecom Group is the largest in the Middle East and North Africa based on its market value as it generated over 50,836,000,000 billion riyals (13,556,000,000 dollars) in realizable revenue in 2015 and 9,334,000,000 billion riyals (2,489,000,000 dollars) as net income.
In Saudi Arabia (the group’s main operation site) STC operates the largest modern mobile network in the Middle East as it covers 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, which it owns 100% of, 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 and which controls Turk Telecom, Avea in Turkey, 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-mentioned, STC has investments in information technology, content, distribution, contact centers and real estate, all of which support its telecom operations across the Middle East.