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20-Jun-2019

STC launches 5G services commercially

Saudi Telecom Company (STC) [7030.SE] reportedly launched commercial 5G services officially for the first time in the Kingdom. Services will be initially available in certain districts and large cities through home routers, which will be available in some outlets, according to CEO Nasser Al Nasser. 
 
Zain KSA: SAR12.20 as of 19 Jun. 2019, Rating: Buy, TP: SAR11.40/share, MCap: USD1,899mn, ZAINKSA AB/7030.SE
 

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