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MarketScreener Homepage  >  Equities  >  SAUDI ARABIA STOCK EXCHANGE  >  Saudi Telecom Company SJSC    7010   SA0007879543

SAUDI TELECOM COMPANY SJSC

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Saudi Telecom SJSC : STC launches 5G in Saudi Arabia; to reach Bahrain soon

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06/20/2019 | 02:24pm EST

STC rolled out the first live locations for 5G services in May

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Mubasher: Saudi Telecom Company (STC) has officially started the commercial operation of five-generation (5G) services for the first time in Saudi Arabia.

The newly launched services will be available in certain districts and large cities through home routers, which will be available in some outlets, the CEO of the kingdom-based mobile and internet services provider said in a statement.

The introduction of 5G services in the kingdom came after STC’s subsidiary, VIVA, has recently launched it for the first time in Kuwait, Nasser Al Nasser said.

In the same vein, STC’s arm in Bahrain, VIVA Bahrain, seeks to begin the commercial operation of 5G services in the foreseeable future, he added.

“The 5G network reflects a major technical leap and provides a fundamental network for future and existing applications, such as high-speed mobile internet,” Al Nasser commented.

In May, STC rolled out the first live locations for 5G services after completing its trial operation.

The Saudi telecoms provider announced last April that it successfully made its first over-the-air call using a smartphone equipped with 5G technology.

Source: Mubasher

(c) All Rights Reserved - Mubasher Info 2005 - 2019 Provided by SyndiGate Media Inc. (Syndigate.info)., source Middle East & North African Newspapers

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Financials (SAR)
Sales 2019 54 516 M
EBIT 2019 13 360 M
Net income 2019 11 309 M
Finance 2019 1 907 M
Yield 2019 4,66%
P/E ratio 2019 16,3x
P/E ratio 2020 15,7x
EV / Sales2019 3,38x
EV / Sales2020 3,11x
Capitalization 186 B
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus HOLD
Number of Analysts 14
Average target price 100,87  SAR
Last Close Price 93,20  SAR
Spread / Highest target 20,4%
Spread / Average Target 8,23%
Spread / Lowest Target -7,62%
EPS Revisions
Managers
NameTitle
Nasser Sulaiman A. Al-Nasser Group Chief Executive Officer
Mohammed Khaled Al-Abdullah Al-Faisal Chairman
Haithem Mohammed Al-Faraj Senior VP-Technology & Operations
Ameen Fahad ben Abdulaziz Al-Shiddi Chief Financial Officer
Ibraheem Abdul Rahman Hamd Al-Qadi Independent Director
Sector and Competitors