Technology news and insights in the Middle East, South Asia, and Africa
Technology News and insights in the Middle East, South Asia, and Africa
stc Group achieved record H1 revenues of SAR 38.66 billion with net profit up 13.38%. Growth was driven by cost efficiency, digital banking expansion, and a strategic Oracle cloud partnership. Sustainability efforts boosted its MSCI ESG rating to “A.”
stc lands 2Africa Pearls subsea cable in Bahrain, increasing capacity 10x and enhancing infrastructure for 5G, AI, and IoT in line with Bahrain Vision 2030.
Bahrain lands the 2Africa Pearls submarine cable, boosting connectivity capacity tenfold and strengthening its role as a regional digital hub aligned with Economic Vision 2030.
solutions and stc signed a SAR 157.64 million deal to build a private cloud platform, enhancing IT infrastructure modernization. The agreement integrates existing systems and follows prior collaboration on network expansion.
stc has achieved 100% compliance with the GSMA’s signalling security guidelines, making it one of the few telecom operators globally to do so. In partnership with Enea, stc has implemented robust security measures to protect its network from data leaks, unauthorized tracking, and communication interception.
stc and Samsung launched the Galaxy S25 series in Kuwait, offering an immersive experience highlighting the innovative Galaxy AI suite, advanced photography, and enhanced productivity tools. The event brought influencers and enthusiasts together, showcasing the latest technology and stc’s commitment to providing cutting-edge mobile experiences for customers.
Saudi Telecom Company (stc) is expanding its 5G services to 75 cities, improving network capacity and performance through Juniper Networks’ 400G routers. The upgrades align with stc’s digital transformation and sustainability goals, offering faster, more efficient services while reducing energy consumption and operational costs.
STC has signed a SR32.64 billion contract with a Saudi government entity to develop, operate, and provide telecom infrastructure services over 15 years. The contract highlights STC’s commitment to advancing Saudi Arabia’s digital transformation through investments in 5G, fiber optics, data centers, and advanced technologies like cloud computing and IoT.
stc is leading Kuwait’s Corporate Social Responsibility efforts by launching its Sustainability Program, focusing on reducing its carbon footprint and empowering youth. The company has partnered with government entities to promote eco-friendly practices and launched initiatives supporting education, sports, and entrepreneurship, making significant community contributions.
stc has reported strong financial results for the first nine months of 2024, with revenues reaching KD 261.8 million, driven by consumer sector growth. The company continues to lead in digital transformation and innovation within Kuwait’s telecommunications market.