May 16, 2018
STC Launches the First live 5G network in MENA
HRH Prince Saud bin Naif, governor of the eastern region, launched the first live 5G network of STC, for the first time in MENA launched. This launching is the initial phase for operating the service once 5G available in the global markets. On this occasion, Eng. Abdullah Alkanhal, undersecretary of the Ministry of CIT stated that” launching 5G reflects the improvement of CIT sector in the Kingdom, in line with the digitization plans, NTP 2020, and kingdom`s vision 2030. The ministry with the guidance of Abdullah Alsawaha, Minister of CIT, exerts great efforts to improve this vital sector for the prosperity and comfort of the people of Saudi”. He pointed out that the launch of the first network in the region is an affirmation of the Kingdom's move towards digitization by providing the latest technologies to ensure advanced infrastructure that contributes to the successful vision of the Kingdom. Eng. Nasser Al Nasser, STC Group CEO, expressed his proudness of this initial launching that confirms STC`s pioneering position in providing innovative services for the customers around the Kingdom and the region. He added:’ we have confidence, knowledge, and innovation, which will enable us to lead the 5G era”. He said:” the launching of 5G started with operating a number of towers, initially, in the eastern region”. Al Nasser added:”the company will continue working on building the network construction gradually in the cities of the Kingdom until the devices are available during of 2019” The launching ceremony was accompanied by a pavilion to explain about 5G, in King Faisal Sea Park in Khobar; the visitors were able to review the virtual neighborhood services, 5G car, and K4 Videos In January 2017, STC succeeded in advanced technical experiments and trials on 5G technology as part of the company's strategy of leading technological development and leading modern and advanced services” The widespread use of 5G will facilitate the dissemination of information, promote the prosperity of the common digital economy and accelerate changes in current productivity methods and lifestyles. The 5G network is expected to make a quantum leap in future services and applications and will contribute in increasing the speed and performance of wireless networks. The 5G will not only affect the efficiency of communication between people and their phones or computers only, it will affect more sophisticated uses such as IOT, AI, and robots
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- Saudi Telecom Company (STC) has been elected to the GSMA Board, the world's largest mobile organization
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- STC’s Net Income for Q3 2018 compared to the comparable quarter last year and the 2nd quarter this year increased by 2.9% & 8.1% (respectively), and it distributes SR 1 per share dividends for the 3rd quarter.
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