STC claims a 5G launch; shelves plan to sell mobile towers

16 May 2018

Saudi Telecom Company (STC) has launched a 5G network in the Kingdom of Saudi Arabia. Nasser Al Nasser, STC Group CEO, said in a statement: ‘The launch of 5G started with operating a number of towers, initially, in the eastern region … The company will continue working on building the network construction gradually in the cities of the Kingdom, until the devices are available during of 2019.’ STC previously claimed that it had ‘successfully carried out advanced technical experiments and trials of 5G technology’ back in January 2017.

Elsewhere, STC has shelved plans to sell its mobile towers, CEO Nasser Al Nasser told news agency Argaam. The executive was cited as saying: ‘We are seeking to set up a new partnership project to efficiently manage these towers and make the best out of them.’ The telco is adopting a new strategy aimed at expanding investments in new areas and it is looking to boosting added value in technical solutions, digital platforms, as well as other applications and content services to improve its lower subscriber base, which has impacted its revenue.

Saudi Arabia, Saudi Telecom Company (stc)