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Saudi telecom

Ouster of Etisalat chairman may herald foreign strategy shift

When Gulf telecommunications giant Etisalat replaced its veteran chairman last week, he became the latest casualty of a multi-billion dollar foreign expansion which has failed to translate into profits and may prompt the firm to sell overseas assets to offset a decline in income.

July 12, 2012 1:00
Oger Telecom

Oger Telecom gives South Africa unit $180 million to boost network

Oger Telecom, 35-percent owned by Saudi Telecom, will inject $180 million into its South African subsidiary Cell C to improve the coverage and quality of the unit's network, the Dubai-based firm said.

May 28, 2012 5:44
Saudi telecom Q4 earnings flat, still beat estimates

Saudi telecom Q4 earnings flat, still beat estimates

Saudi Telecom Co saw its fourth-quarter net profit edge down 0.3 percent as foreign currency losses hit its annual income, but the operator still beat forecasts.

January 19, 2012 2:37

Saudi Telecom plans acquisition in 2012

Focus of acquisitions in Middle East; Broadband growth in double digit next year

October 24, 2011 6:39

Saudi Telecom eyes MENA acquisitions

Confident of securing funding for any deals, STC is looking at expanding into new territory, including Iraq.

October 11, 2011 10:52

CMA fines former official of Saudi Telecom $1.8mn

Ex-board member of state-controlled Saudi Telecom fined $1.8million on charges of insider trading in 2004.

May 31, 2010 9:34
Manchester United dials in to Saudi

Manchester United dials in to Saudi

Saudi Telecom latest in line to sponsor international sporting teams.

August 17, 2008 10:19