Saudi Telecom Company (STC) [7010.SE] is planning to launch its 5G network in 2H19, CEO Nasser Al Nasser told Al-Arabiya TV on Thursday. Commenting on the company’s full-year results, he said that the strong performance was backed by revenue growth, efficiency of spending and non-conventional segments, such as cloud computing services. He added that internet speed has doubled since early 2018, thanks to the company's investments and the new frequencies awarded by the regulator. (Argaam)
Saudi Telecom Company: SAR102.20 as of 24 Jan. 2019, Rating: Neutral, TP: SAR71.00/share, MCap: USD54,507mn, STC AB/7010.SE
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