STC slashes internet tariffs as it prepares for competition

10 Mar 2009

Gulf Daily News reports that Saudi Telecom Company (STC) has cut internet tariffs by 70%. The move is believed to be prompted by the impending arrival of three fixed line operators to the Saudi market, namely Hong Kong’s PCCW, Bahraini incumbent Batelco, and a consortium led by Verizon Communications of the US and including Luxembourg-based Millicom International Cellular (MIC). Currently STC is the sole fixed line voice operator, and faces competition in the broadband sector from just one company, Mobily.

Saudi Arabia, Saudi Telecom Company (stc)