Saudi Telecom Company, also known as STC, is a publicly owned company headquartered in Saudi Arabia. Founded in 1998, with approximately 21,500 employees, the company reported $20.7B in revenue as of 2025. Functioning as the primary telecommunications and digital services provider in Saudi Arabia, the group provides a range of ICT services, including fixed-line and mobile telephony, broadband internet, and cloud computing across the Middle East and parts of Europe. Primarily owned by the Public Investment Fund (PIF) with a 64% stake, STC operates as a conglomerate with major subsidiaries such as solutions by stc (IT services), stc pay (digital banking), and center3 (digital infrastructure), while also holding strategic international stakes in operators like Telefónica. The company is centrally involved in Saudi Arabia’s digital infrastructure development, including the rollout of 5G networks and the provision of neutral digital hosts for major national "giga-projects" like Diriyah.
On September 17, 2026, specialized by stc, a unit of stc group, received the Infrastructure Deal of the Year award at the GBM Saudi Arabia Awards 2026. This recognition was for its SAR5.5 billion ($1.45 billion) telecom infrastructure financing. Previously, on September 16, stc group announced an agreement with Astranis to deploy a dedicated micro GEO satellite, part of Astranis' Block 3, to serve Saudi Arabia. This partnership, which gives stc group full authority over payload configuration, coverage, and in-region data security, aims to deliver enterprise-grade connectivity across the Kingdom's networks starting in 2027.
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