JEDDAH: Affirming its leading position among global telecom companies, a report issued by Wireless Intelligence, the research arm of GSMA trade organization, STC ranks in the top 20 mobile networks in the world according to data collected at the end of the fourth quarter of 2010 showing mobile operator group global ranking by revenue. The report also confirmed that inclusion in the top 20 list is due not only to its being the biggest telecoms operator in the region, but also to international expansion beyond its local base, which began with the formation of a strategic partnership with Binariang GSM Sdn the principle shareholder of Maxis Telecommunications, and its subsidiary PT Natrindo Telepon Seluler. With an aggregate $3.05 billion investment. Eng. Saud Bin Majed Al Daweesh, CEO of STC Group, said recently that "in line with our expansion, we have modified our organizational structure to allow us to create the highest value from our Saudi operations as well as our other investments in Kuwait, Bahrain, Indonesia, Malaysia, India, Turkey and South Africa."
