STC inks 1,000km fibre deal with Olaya Real Estate

19 Jul 2011

Saudi Telecom Company (STC) has announced that it has signed a comprehensive agreement with Olaya Real Estate Company to implement 1,000km worth of fibre-optic telecoms infrastructure covering all of the firm’s future projects across the Kingdom. An official company press statement read: ‘In light of STC’s continuous successes, and its keenness to continuously develop its services and deliver them with quality and distinction, the company signed a comprehensive agreement with Olaya Real Estate Company to implement the telecommunications infrastructure covering all of Olaya Real Estate’s projects across the Kingdom. This services agreement aims to prepare the infrastructure to deliver fibre-optic services and support, while staying abreast with the ‘Smart Neighbourhood’ strategy adopted by STC through its current projects, with new innovative ideas based on both speed and quality’.

According to TeleGeography’s GlobalComms Database, STC first announced that it was rolling out fibre-to-the-home (FTTH) technology in August 2010 – a first for the Saudi Kingdom – with the aim of offering internet speeds of up to 100Mbps across the country. At launch the FTTH service was available in Riyadh, Jeddah and Dammam, with plans to expand coverage to most of the Kingdom’s cities. In February 2011 STC announced the launch of its FTTH product line, branded ‘Verve’, which is capable of supplying download speeds of 40Mbps and 100Mbps.

Saudi Arabia, Saudi Telecom Company (stc)