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This is an accepted version of this page This is the latest accepted revision, reviewed on 19 December 2024. Saudi Arabian telecommunications company Saudi Telecom Company Logo used since December 2019 Trade name STC Group Native name شركة الاتصالات السعودية Company type Public Traded as Tadawul: 7010 ISIN SA0007879543 Industry Telecommunications Founded 21 April 1998 ; 26 ...
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However, in September 2019, Trade Minister Piyush Goyal announced the impending closure of STC due to a severe liquidity crisis, [6] as detailed in STC's 2018-19 Annual Report. The crisis stemmed from the classification of STC's account as a bad loan by lending banks due to non-payment of interest on the company's availed banking limits.
A mobile phone tower in Qatif. Telephones - main lines in use: 011 463,3507 (2011 - source: ITU) . Telephones - mobile cellular: 53,705,808 (2011 - source: ITU) note: In 2004, the Saudi Telecom Company (STC) monopolization was broken by authorizing Etihad Etisalat/Mobily to compete in mobile communication, in June 2009 GO Telecom (Etihad Atheeb Telecom) or "جو" also entered the market.
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