STC records ‘stellar performance’ in Q3 2019, focuses on untraditional services: CEO

31/10/2019 Argaam

 

Saudi Telecom Co. (STC) has recorded outstanding performance across all business divisions in Q3 2019, Al Arabiya reported, citing Chief Executive Officer Nasser Al Nasser.

 

The telecommunication industry is facing several global challenges, Al Nasser said, adding that the Saudi Arabian telecom operator resorted to the digital transformation of its operations.

 

Further, STC developed several unconventional services, while its strategic plan focused on untraditional fields including the FinTech, cyber security and cloud computing.

 

“STC mulls value-added investment opportunities in the region, backed by a wide-range clientele,” Al Nasser noted.

 

STC reported a 4 percent profit rise year-on-year (YoY) in Q3 2019, Argaam reported.

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