Saudi Telecom Company (STC) says it is making investment in enhancing customer experience, 4G network and FTTH expansion.
STC does not share specific investment plans for its Capex (Capital expenditure) program.
The strategy of STC is to continue with the deployment of the fiber optic network for both business and residential. As a result of its investment, FTTH customer base of STC increased 21 percent year on year and 6 percent quarter on quarter in Q3 2015.
Revenue from STC enterprise business rose 14 percent during the 3rd quarter, driven mainly by the 19 percent increase in business sector data services revenues.
STC Group CEO Khaled H Biyari said STC will continue to invest in infrastructure, advanced networks and new technologies which will enable to reach new levels of customer satisfaction and customers’ experience.
Revenues of STC grew 9.7 percent to SR 37,590 million or $10,020 million in the first nine months of 2015. STC revenues from domestic operations for the 9 months grew 10 percent, while revenues from international subsidiaries rose 9 percent.
Baburajan K
editor@telecomlead.com
