Saudi Telecom Group is the largest in the Middle East and North Africa based on market cap. STC was established in 1998 and currently counts about 100 million customers worldwide. Its fiber-optic network spans 158,000 kilometers across Asia, the Middle East and Europe.
In Saudi Arabia STC operates the largest modern mobile network in the Middle East . STC’s investments include 100% ownership in Viva Bahrain, 51.8% stake in Viva Kuwait, 35% stake in Oger Telecom Limited in UAE which controls Turk Telecom, Avea in Turkey, Cell-C in South Africa, 25% stake in Binariang GSM Holding in Malaysia which controls Maxis in Malaysia.
In addition to the above-mentioned, STC has a wide range of underlying investments in information technology, content, distribution, contact centers and real estate, all of which support its telecom operations across the Middle East.”