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Article: Global Investment House -- Kuwait - Saudi Telecom (STC),.(Company overview)
- Article from:
- Albawaba.com
- Article date:
- September 8, 2008
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Summary: Global Investment House -- Kuwait - Saudi Telecom (STC), was established in 1998, and had a full monopoly over the telecom market until 2003, when the VSAT market was liberalized. Subsequently, STC's monopoly in the mobile market was ended when the second mobile license was granted in 2004 to Etihad Etisalat Company (Mobily). In March 2007, a consortium led by Zain of Kuwait won the third mobile license with a bid of US$6.1bn, and launched its services in 2008.
Global Investment House -- Kuwait - Saudi Telecom (STC), was established in 1998, and had a full monopoly over the telecom market until 2003, when the VSAT market was liberalized. Subsequently, ...