Saudi Telecom Company

What Saudi Telecom Company does

Saudi Telecom Company (stc) is the national telecommunications operator of Saudi Arabia, majority-owned by the Public Investment Fund (approximately 64%), listed on the Saudi Exchange (Tadawul) under ticker 7010, and headquartered in Riyadh. The company operates a diversified digital infrastructure platform anchored by 10,800+ 5G sites covering 54.7% of the Saudi population, 3.75 million fiber-to-the-home connections, and dominant market shares of approximately 44% in mobile and 70%+ in fixed-line broadband domestically. It generates revenue across consumer mobile (Mofawtar, Sawa, Quicknet, Jawwy), home internet (Baity FTTH), enterprise ICT (Oracle Alloy sovereign cloud, Oracle Fusion SaaS, Cloud Connect, managed Wi-Fi, SD-WAN, private 5G edge), wholesale and carrier services (Dark Fiber, DWDM, eSIM, Open Caching, Air-to-Ground), digital banking (STC Bank with 8M+ customers), IoT (VSS, Virtual Clinic, fleet management), content (stc TV, thmanyah), and tower infrastructure through the TAWAL subsidiary.

The company's business model combines subscription-based recurring telecom services, enterprise managed services contracts, wholesale/carrier interconnect fees, hardware/device sales through retail and e-commerce channels, fintech transaction revenue from STC Bank, and an emerging sovereign cloud and data center business through its Center3 subsidiary (targeting 1GW capacity by 2030 backed by a $10B investment plan). Go-to-market is multi-channel: digital self-service portals (mystc, stc Business, mywholesale), physical retail stores, dedicated enterprise account managers, and a 24/7 business call center at 909. Pricing ranges from fixed monthly subscriptions (postpaid, Baity fiber, cloud contracts) to pay-as-you-go prepaid plans and quote-based multi-year enterprise agreements.

STC reported FY2025 record revenue of SAR 77.8 billion (~USD 20.7B), up 2.5% YoY, with EBITDA of SAR 24.5 billion (up 6.1%) and net profit growth of 12.5% excluding non-recurring items. The company maintains 13+ subsidiaries across MENA and Europe (Kuwait, Bahrain, Bulgaria, Croatia, Slovenia, Spain via a 9.97% Telefonica stake with board representation), and has expanded into Syria via the SilkLink joint venture. Recent strategic moves include the SAR 8.9 billion divestiture of a 51% stake in TAWAL to PIF, the formation of the Humain AI data center JV (49% STC), and the USD 2 billion dual-tranche sukuk issuance in January 2026.

Name

Saudi Telecom Company

Legal name

stc (شركة الاتصالات السعودية)

Website

https://stc.com.sa

Company type

Public

Founded year

2001

Operating status

Operating

Headcount range

5,001–10,000 employees

Short description

Saudi Telecom Company (stc) is the Saudi national telecom operator, majority-owned by the Public Investment Fund, providing mobile, fixed broadband, enterprise ICT, cloud, fintech, and digital infrastructure services across Saudi Arabia and 13+ subsidiaries in MENA and Europe.

Ownership category

akta.pro rank

Product category

Telecommunications Services

NAICS

Wired Telecommunications Carriers (517111), Computing Infrastructure Providers, Data Processing, Web Hosting, and Related Services (518210)

SIC

Telephone Communications (No Radiotelephone) (4813), Savings Institution, Federally Chartered (6035), Computer Communications Equipment (3576), Services-Telephone Interconnect Systems (7385)

akta.pro primary industry

Islamic Trade Finance & Supply Chain (Shariah-compliant) (FSABAGAE)

akta.pro secondary industries

Governance, Risk & Compliance (GRC) Platforms (BPAEAPAA), Privacy, Data Protection & Cyber Governance (GRC) (BPAHAFAF), Islamic Retail Banking (FSABAGAA), Islamic Corporate Banking (FSABAGAC), Account Opening, KYC/AML & Customer Due Diligence (CDD/EDD) (FSABALAA)

Keywords

• Telecommunications services
• Mobile network operator
• Cloud computing services
• Digital banking
• Enterprise ICT solutions

Headquarters

HQ city

Riyadh

HQ country

Saudi Arabia

HQ region

Middle East

Offices6 records

Markets served

GTM type

B2B and B2C

Offering type

Services

Cost components

Infrastructure, Technology or R&D, Personnel, Operations, Marketing or Sales, Supply Chain

Revenue model

1. Telecommunications Services: Core mobile and fixed-line voice, data, and internet services revenue from consumer, business, and government segments. Includes postpaid and prepaid mobile plans, home internet (Baity packages), business connectivity solutions, and enterprise network services. Revenue reached SAR 77.8 billion in FY2025.
2. Enterprise ICT Solutions: B2B technology services including cloud solutions (Oracle Alloy, Oracle Fusion SaaS), managed services, cybersecurity, IoT deployments, and connectivity solutions for government and enterprise customers.
3. Wholesale Carrier Services: International connectivity, submarine cable landing stations, tower infrastructure (through TAWAL), spectrum services, and carrier interconnection for other telecom operators regionally and globally.
4. Digital Financial Services (STC Bank): Digital banking and fintech services through STC Bank, serving over 8 million customers with mobile banking, payments, and financial services integrated into the telecom ecosystem.
5. Device Sales: Sale of smartphones, tablets, wearables, gaming devices, routers, and smart home devices through retail and e-commerce channels.
6. Loyalty Program (Qitaf/Tamayouz): Points-based loyalty program generating revenue through partner commissions and serving as a customer retention mechanism across consumer and business segments.
7. Content and Entertainment (stc tv, thmanyah): Streaming video services and digital entertainment content subscriptions delivered over STC's network.
8. Sukuk Issuance: International sukuk issuance raising USD 2 billion with 4x oversubscription, proceeds funding strategic digital infrastructure expansion initiatives.

Pricing tiers

Go-to-market motion3 records

Distribution channels9 records

Marketing channels9 records

Core offering

Saudi Telecom Company (stc) provides nationwide mobile and fixed-line telecommunications services, broadband internet, and a diversified portfolio of digital services including enterprise cloud, cybersecurity, IoT, fintech (STC Bank), and content streaming. The company serves consumer, enterprise, government, and wholesale/carrier segments across Saudi Arabia and the broader MENA region, with international investments in Telefonica and tower infrastructure across Europe.

Product overview

STC operates as a diversified digital services platform offering telecom, cloud, cybersecurity, IoT, fintech, and entertainment services. The product portfolio spans consumer mobile plans (Mofawtar, Sawa, Quicknet, Jawwy), home internet (Baity with FTTH), digital banking (stc Bank with 8M+ customers), entertainment (stc TV), loyalty (Qitaf), enterprise cloud services (Oracle Alloy sovereign cloud, Oracle Fusion SaaS, Cloud Connect), managed network services (SD-WAN, Managed Wi-Fi, Private 5G Edge), cybersecurity (DDoS Protection, Managed SOC, Digital Signature), IoT solutions (Video Surveillance, Virtual Clinic, Fleet Solutions, M2M), satellite connectivity (LEO/GEO), and wholesale infrastructure (Dark Fiber, eSIM, Open Caching). The company maintains regional subsidiaries including Center3 for data centers (targeting 1GW by 2030) and Tawal for tower infrastructure.

Differentiator

Problem solved

Functional benefit

Brands

• mofawtar: Postpaid mobile plan with free device options
• mofawtar control
• quicknet
• Baity
• Baity Pro
• stc tv
• stc Bank
• Qitaf
• Tamayouz
• jawwy
• thmanyah
• sawa
• Cloud Connect
• stc cloud powered by Oracle Alloy
• stc Oracle Fusion SaaS
• VSS (Video Surveillance System)
• Safe Link
• Forun
• Tari
• Tawal
• center3
• stc pay Bahrain
• Newtrack
• eSIM

Products and services

• Mofawtar Postpaid Mobile Plans

Quantifiable outcome

• 5G coverage to over 2,000 underserved areas as part of Vision 2030
• +4 more outcomes

Named customers5 records

Segments5 records

Ideal customer profiles4 records

Technology focussed Yes

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Integration5 records

AI capability10 records

Feature11 records

Partnerships

Twelve partnerships are on record, tiered core, minor and flagship.

• AST SpaceMobilecoreStrategic or Co-development Partner · 18 June 2026Partnership for satellite-based mobile connectivity through direct-to-device services. STC has secured over $1 billion in revenue commitments from the partnership. Commercial services expected in late 2026 pending regulatory approvals. The BlueBird 6 satellite launch is a critical proof point for the planned 45-60 satellite constellation.
• HuaweicoreTechnology or Integration · 22 May 2026STC launched a managed Wi-Fi network service using Huawei's CloudCampus solution to serve government and enterprise B2B customers. The 10-month competitive evaluation resulted in deployment in STC's data centers, with initial estimates projecting over 5% increase in enterprise business revenues and 30% reduction in network delivery costs. A notable implementation includes the Saudi Arabia Ministry of Health project across 800+ clinics and hospitals.
• DataVoltcoreTechnology or Integration · 21 May 2026DataVolt partnership supporting Center3's infrastructure buildout for AI, cloud, and hyperscale workloads. Center3, a STC subsidiary, announced $10 billion investment plan to achieve 1GW capacity by 2030.
• OraclecoreTechnology or Integration · 21 May 2026Oracle partnership through Center3 for data center infrastructure supporting cloud and hyperscale workloads.
• HuaweicoreTechnology or Integration · 21 May 2026Huawei partnership supporting Center3's data center infrastructure buildout for AI, cloud, and hyperscale workloads.
• Vizzio Technologies / IoT SquaredminorStrategic or Co-development Partner · 11 February 2026Vizzio Technologies, a Singapore-headquartered 3D mapping and AI-surveillance company, is expanding in Saudi Arabia through IoT Squared, the joint venture between PIF and stc. Solutions are deployed across seven ministries covering schools, hospitals, factories, and sports stadiums.
• OraclecoreTechnology or Integration · 9 February 2026Oracle Alloy sovereign cloud platform enabling STC to provide sovereign cloud services in Saudi Arabia. Oracle Alloy allows partners to become cloud providers with control over operations and customer experience. Additionally, Oracle Fusion SaaS provides enterprise applications (ERP, HCM, SCM, EPM, CX) with STC delivering local implementation and managed services.
• Syrian Sovereign FundcoreStrategic or Co-development Partner · 8 February 2026SilkLink JV for Syria telecom infrastructure with STC holding 75% equity stake and Syrian Sovereign Fund holding 25%. Project includes fiber-optic network exceeding 4,500 km, data centers, and submarine cable landing stations, valued at SAR 3 billion (USD 800 million).
• HumainflagshipStrategic or Co-development Partner · 18 December 2025Joint venture to develop AI data centers in Saudi Arabia with Humain holding 51% and STC holding 49%. Partnership targets up to 1 gigawatt of total infrastructure capacity starting with an initial 250 megawatts. Signed MoU on December 18, 2025. Initial sites planned in Riyadh and Dammam, with Q2 2026 target for operational readiness. Humain is a PIF-backed AI company.
• HuaweicoreTechnology or Integration · 17 June 2025Jointly released white paper 'An Intelligent Transformation Journey from Vision to Reality' at OTF2025 in Copenhagen, outlining practical steps for AI-powered intelligent transformation. Key initiative includes TU Brain Co-pilot designed to enhance customer experience and operational efficiency.
• TelefonicacoreStrategic or Co-development Partner · 27 February 2025STC acquired a 9.97% voting stake in Telefonica with board representation, becoming a new anchor shareholder. The approximately €2.1 billion investment transforms STC from a regional operator to a global digital leader. The investment has drawn scrutiny from Spanish authorities due to national interest concerns around foreign ownership of critical telecommunications infrastructure.
• AWS (Amazon Web Services)coreTechnology or IntegrationAWS announced $5.3 billion investment for new cloud region in Saudi Arabia. AWS is a key hyperscaler partner for cloud infrastructure in the region.

Scale indicators15 records

Recent moves10 records

Expansion highlights7 records

Direct peers

• Etihad Etisalat (Mobily): Saudi Arabia's second-largest telecom operator competing directly with STC across mobile, fixed broadband, and B2B services. Directly comparable as the primary domestic competitor with overlapping product portfolio, customer segments, and infrastructure investments in the same Saudi market.
• Zain Saudi Arabia: Direct Saudi telecom competitor offering mobile, broadband, and enterprise services across consumer and business segments. Comparable as the third major Saudi telecom operator with similar product mix and direct competition for both consumer ARPU and enterprise contracts.

Regional players

• Ooredoo: Qatari-based telecom group operating across MENA including Oman, Kuwait, Iraq, Tunisia, and Algeria. Comparable as a regional telecom with similar diversification strategy into fintech, enterprise ICT, and digital services, operating in adjacent Gulf markets with overlapping customer profiles.
• e& (Etisalat Group): UAE-based telecom group (formerly Etisalat Group) with operations across MENA, Asia, and Africa. Comparable as the leading UAE telecom with similar diversification into digital services, fintech (e& money), enterprise ICT, and international expansion through strategic investments.
• Emirates Integrated Telecommunications (du): UAE's second telecom operator offering mobile, fixed, broadband, and enterprise services. Comparable as a regional peer with similar consumer/enterprise product mix in a neighboring Gulf market, competing for similar high-value government and enterprise customers.
• Bahrain Telecommunications Company (Batelco): Bahraini telecom operator with regional operations across the Middle East. STC's Bahrain subsidiary operates in the same market; comparable as a regional telecom with similar enterprise and wholesale focus serving government and large enterprise customers.
• Turkcell: Turkish telecom operator with regional subsidiaries across Eastern Europe and Central Asia. Comparable as a regional telecom with similar 5G investments, digital services portfolio (TV+, fintech), and enterprise ICT strategy targeting government and large enterprise customers.

Broad incumbents

• Vodafone Group: Global telecom operator with operations across Europe and Africa. Comparable as a large incumbent with similar B2B/consumer split, ongoing digital transformation initiatives, and enterprise services portfolio serving multinational and government customers.
• MTN Group: Pan-African and MENA telecom group operating across 20+ markets including Iran, Syria, and Afghanistan. Comparable as a multi-country emerging market telecom with similar mobile-first approach, fintech expansion (MoMo), and enterprise services strategy in developing markets.

Others

• Telefónica: Spanish telecom giant in which STC holds a 9.97% stake with board representation. Comparable as a global telecom with similar B2B/consumer model, fixed-mobile convergence strategy, and enterprise digital services; STC's stake positions Telefónica as both peer and investment target.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat6 records

Key risks6 records

Key highlights7 records

Customer concentration

• Xx.com/STC_KSA
• YouTubeyoutube.com/user/stcsaudiarabia
• Facebookfacebook.com/140588550
• LinkedInlinkedin.com/company/stc
• Instagraminstagram.com/stc_ksa

Compliance11 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles11 records

Subsidiaries7 records

Funding overview

Funding rounds1 record

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A1 record

Investments4 records

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Saudi Telecom Company