DOCSLIB.ORG

Stc Report 06072009.Pdf

Total Page：16

File Type：pdf, Size：1020Kb

Download full-text PDF Read full-text
Stc Report 06072009.Pdf 2009 Saudi Telecom Company Tadawul Code 7010 PE (x) 9.7 Sector Telecom Close Price (SAR) 51.0 PBV (x) 2.7 Index PE 13.4 52 week high (SAR) 71.3 Div Yield (%) 7.4% Index PBV 1.8 52 week low (SAR) 33.7 Outstanding Shares (million) 2,000.0 Index Div Yield 3.9% YTD 2009 3.9% Market Cap (SAR million) 102,000.0 Sector PE 12.2 30 Day Avg Vol ('000) 5,801.8 % of TASI 9.7% Sector PBV 2.2 Beta 0.8 % of sector 70.0% Sector Div Yield 5.5% Financials (SAR '000) 2007 2008 2009E 2010E 2011E 2012E Revenues 34,457,807 47,469,368 49,368,143 50,849,187 52,374,663 54,469,649 EBITDA 16,544,500 18,449,868 19,129,699 20,994,796 22,007,345 22,726,293 Net Profit 12,021,733 11,037,846 11,274,566 12,733,383 13,349,276 13,726,933 Total Assets 68,811,246 99,762,135 100,986,513 104,038,296 106,539,013 114,325,180 Total Liabilities 32,919,364 57,200,258 55,716,384 54,311,483 52,139,953 55,121,693 Shareholders' Equity 35,876,253 37,637,978 40,346,230 44,802,914 49,475,161 54,279,587 EPS (SAR) 6.0 5.5 5.6 6.4 6.7 6.9 BVPS (SAR) 17.9 18.8 20.2 22.4 24.7 27.1 Ratio Analysis Profitability Ratios (%) Net Profit Margin 34.9% 23.3% 22.8% 25.0% 25.5% 25.2% EBIDTA Margin 46.9% 41.4% 39.7% 40.3% 40.0% 39.7% Return on Avg. Equity 34.3% 28.1% 25.7% 26.8% 25.6% 24.2% Return on Avg. Assets 20.9% 13.1% 11.2% 12.4% 12.7% 12.4% Growth (%) Revenues 6.4% 37.8% 4.0% 3.0% 3.0% 4.0% Net Income -6.1% -8.2% 2.1% 12.9% 4.8% 2.8% Shareholders’ Equity 5.0% 4.9% 7.2% 11.0% 10.4% 9.7% Total Assets 49.2% 45.0% 1.2% 3.0% 2.4% 7.3% Liquidity/Turnover/Leverage Ratios Current Ratio (x) 0.8 0.8 0.8 0.8 0.9 1.1 Total Asset Turnover (x) 0.5 0.5 0.5 0.5 0.5 0.5 Cash Conversion Cycle 9.4 3.7 2.9 5.5 5.7 6.8 (days) Total Debt/Total Equity 0.4 0.8 0.7 0.6 0.5 0.5 Valuation Ratios PE (x) 13.9 8.9 9.0 8.0 7.6 7.4 PBV (x) 4.7 2.6 2.5 2.3 2.1 1.9 PEG (x) -13.8 -6.0 4.2 0.6 1.6 2.6 Dividend Yield (%) 16.8 13.1 7.2 8.1 8.5 8.7 Earnings Yield (%) 7.2 11.2 11.1 12.5 13.1 13.5 EV/Revenues (x) 5.0 2.6 2.6 2.4 2.3 2.2 (Source: STC, Tadawul, FALCOM Research; Note: Stock Market Data and Prices are as of 6th July 2009) Price - Volume Chart 14100 80 12100 Volume STC 70 10100 8100 60 6100 50 Price (SR) Volume ('000) 4100 40 2100 100 30 Jul-08 Oct-08 Jan-09 Jun-09 Feb-09 Apr-09 Mar-09 Aug-08 Sep-08 Nov-08 Dec-08 May-09 (Source: Tadawul, FALCOM Research) FALCOM RESEARCH Saudi Telecom Company 1 FALCOM Research Saudi Telecom Company 1 Contents Executive Summary 3 Company Profile 5 Operations 11 Marketing Mix 22 Strategy 24 Competitive Advantages 26 SWOT Analysis 28 Financial Analysis 29 Future Outlook 35 Valuation 38 Company Financials 42 Glossary 46 Rating Rationale 47 Disclosures 48 FALCOM RESEARCH Saudi Telecom Company 2 2 Saudi Telecom Company FALCOM Research Established in 1998 as a joint-stock holding company, STC is the only fully integrated telecommunications service provider in the kingdom and the largest telecom operator in the MENA region. Over the last two years, cash-rich STC has emerged as a telecommunication holding company with operations in ten different countries, including Saudi Arabia. The international operations of STC contributed for 21% of total revenues in 2008 and the contribution increased to 27% by the end of first quarter of 2009. STC’s role has been instrumental in establishing and developing the telecom industry in the kingdom and it has re- SUMMARY invented and re-aligned itself with the changing landscape of the industry. STC was awarded as the Best Wholesaler in the Middle East in 2008 by Telecoms World, for operating the most sophisticated, fastest- growing network with quality and sustainability across the region. In order to position itself as a global telecom operator and further manage and expand its operations locally and internationally, STC recently undertook an organizational restructuring plan creating separate management committees for its domestic and international operations. In spite of intense competition in the local GSM market with the entry of EXECUTIVE two new players, STC remains the market leader with around 53% market share in terms of number of subscribers and 82% market share in terms of revenues (as on 31st December 2008). The company has maintained a blended ARPU of around SR 115-120 which is considerably higher than its competitors. STC’s network covers around 98% of the populated areas and highways within the kingdom and at the end of 2008, STC had 19 million mobile subscribers, 4.1 million fixed-line subscribers and over 1 million broadband subscribers. In order to tap the increasing penetration level in GSM market, STC plans to continue offering value-added services to its customers and sustain its high ARPU levels. STC’s share of the total addressable GSM subscriber base in 2008, including all its subsidiaries was 28.6 million, of which 66% were local subscribers. STC's share of total addressable market in GSM for 2007 and 2008 Subscribers 2007 2008 % in 2007 % in 2008 (000’s) Saudi Arabia 17,300 19,000 68.5% 66.4% Malaysia 2,451 2,848 9.7% 10.0% India 2,377 3,208 9.4% 11.2% Indonesia 116 140 0.5% 0.5% Turkey 1,730 1,816 6.8% 6.4% Kuwait 0 76 0.0% 0.3% South Africa 1,288 1,513 5.1% 5.3% Bahrain 0 0 0.0% 0.0% Total 25,262 28,602 100.0% 100.0% (Source: STC, ITU, CITC, FALCOM Research, Telecom Regulatory Authorities of respective countries) STC’s monopoly in the wireline segment has also ended recently, when CITC issued licenses to three new operators, STC plans to remain competitive by offering more value-added services to its fixed-line subscribers and leverage its strong position to develop its internet FALCOM RESEARCH Saudi Telecom Company 3 FALCOM Research Saudi Telecom Company 3 business by providing bundled services to its customers. STC’s DSL subscribers touched the benchmark figure of 1 million in 2008. On the technology front, STC is working on the deployment of NGN (Next Generation Network) which will help it utilize economies of scale further and reduce the capital expenditure going forward. Continuing with the FORWARD strategy adopted in 2007, STC plans to foster its organic and inorganic growth by enhancing its customer-centric business model, operational efficiency and international growth. With acquisitions in the under penetrated markets of India and Indonesia and the growing domestic demand for broadband, STC’s future potential for growth looks robust. Financially, 2008 was not a very profitable year for STC, is spite of 38% increase in revenues, its net income declined by 7%, mainly due to the loss of market share in the domestic market, decline in consumer expenditure, start-up costs in Kuwait and currency losses related to international operations. However, in Q1 2009, in spite of 1.3% q-o-q decline in revenues, STC reported 113% increase in net profits, mainly due to decline in access charges and administrative and marketing expenses. According to our forecasts, STC’s net profit margin and EBITDA margin are expected to be 23% and 40% respectively in 2009, and 25% and 40% by 2012. The contribution from international segment is expected to increase in coming years. Company’s return on average equity and average assets is expected to be steady around 25% and 12% respectively in the coming four years. Historically, STC’s stock has outperformed the TASI and Telecommunications sector index and has shown relatively lower volatility over the last one year (in terms of coefficient of variance). The company has consistently paid quarterly dividends to its shareholders and is expected to do so in the coming years. STC’s stock is currently trading at lower P/E multiples but higher PBV and dividend yields as compared to that of the TASI or the telecom sector. FALCOM Research is releasing the updated report with amendments in valuation that has resulted in a fair value of SR 64.7 which is at 26.9% premium to its price of SR 51.0 on 6th July 2009. FALCOM Research maintains “Strong Buy” recommendation on the stock. The fair value of the stock is based on FCFE, DDM and comparable valuation methods. For our valuation we have assumed the perpetual growth rate of FCFE and dividend to be 2%. Valuation Ratios 2007 2008 2009E 2010E PE (x) 13.9 8.9 9.0 8.0 PBV (x) 4.7 2.6 2.5 2.3 PEG (x) -13.8 -6.0 4.2 0.6 Dividend Yield (%) 16.8 13.1 7.2 8.1 Earnings Yield (%) 7.2 11.2 11.1 12.5 EV/Revenues (x) 5.0 2.6 2.6 2.4 (Source: FALCOM Research) FALCOM RESEARCH Saudi Telecom Company 4 4 Saudi Telecom Company FALCOM Research Background Saudi Telecom Company (STC) was established as an independent joint- stock company in 1998, when the government separated the telecommunication services from the Post, Telegraph and Telephone Ministry.
Load more

Recommended publications
  • Investor Presentation
    Investor Presentation Investor Relations 2020 Investor Presentation 2020 | stc group Index I. Macro Environment 3 II. KSA Telecom Market Overview 8 III. Saudi Telecom Company Profile 14 IV. Strategy Overview 28 V. Business Overview 31 VI. Financial Highlights 40 I. Macro Environment Domestic Macroeconomic Indicators Investor Presentation 2020 | stc group GDP & Government Budget: Saudi Unemployment Rate (15+): Data on 2019, real GDP showed that the economy expanded by 0.3% (Y-o-Y). During GaStat’s latest labor market release for Q3 2019 shows that unemployment 2019, the oil sector declined by 6% (31% share of GDP), whilst non-oil GDP rose by 4% declined to 12%, down from 12.3% in Q2 2019. Male unemployment declined to (non-oil private sector GDP was up 4.1% and government sector was up by 4.4%). 5.8%, down from 6% in Q2 2019, and female unemployment was also down from Bn (SAR) 31.1 to 30.8%, the lowest in 3 years. 3,500 13.2% 33.0% 33.1% 32.7% 32.5% 31.0% 30.9% 31.1% 30.9% 31.7% 31.1% 30.8% 34% 2,949 2,974 25% 3,000 2,760 2,800 2,836 12.8% 12.9% 12.9% 2,517 2,582 12.8% 12.8% 28% 2,454 2,419 12.8% 12.8% 2,500 12.7% 12.7% 15% 12.4% 12.5% 1,981 22% 2,000 12.3% 12.0% 16% 12.0% 1,500 5% 7.5% 7.6% 7.6% 7.5% 11.6% 7.2% 7.4% 7.4% 6.6% 6.6% 6.0% 5.8% 10% 1,000 -5% 11.2% 4% Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 500 2017 2017 2017 2017 2018 2018 2018 2018 2019 2019 2019 0 -15% Total Unemployment Rate Male Female 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 *Source: GaStat Nominal GDP (SAR) Nominal GDP % (Change) Real GDP (% Change) Consumer Price Index: *Source: GASTAT The general consumer price index (CPI) registered a Y-o-Y decline of 0.1% in Q4 According to the newly announced budget for the year of 2020, total expenditure is budgeted at 2019 and an increase of 0.3% compared to the third quarter of 2019 (with SAR 1,020 trillion ($272 billion), a slight fall in spending that reversed three years of expenditure communication sector registering a Y-o-Y decrease of 0.2%).
    [Show full text]
  • Saudi Telecom Company a Saudi Joint Stock Company
    Saudi Telecom Company a Saudi Joint Stock Company Consolidated Financial Statements for the Year Ended December 31, 2015 Saudi Telecom Company (a Saudi Joint Stock Company) Index to the Consolidated Financial Statements for the Year Ended December 31, 2015 Page Auditors’ Report ……………………………. 2 Consolidated Statement of Financial Position ……………………………. 3 Consolidated Statement of Income ……………………………. 4 Consolidated Statement of Cash Flows ……………………………. 5 Consolidated Statement of Changes in Equity ……………………………. 6 Notes to the Consolidated Financial Statements ……………………………. 7 - 39 1 Saudi Telecom Company (a Saudi Joint Stock Company) Consolidated Statement of Financial Position as at December 31, 2015 (Saudi Riyals in thousands) Note 2015 2014 ASSETS Current assets: Cash and cash equivalents 3 4,504,046 5,467,121 Short-term investments 4 16,802,175 14,347,318 Accounts receivable, net 5 11,796,090 8,514,689 Prepayments and other current assets 6 3,886,566 2,740,175 Total current assets 36,988,877 31,069,303 Non-current assets: Investments accounted for under equity method and others 7 6,914,011 8,518,937 Investments held to maturity 8 6,474,751 6,787,047 Property, plant and equipment, net 9 40,487,591 38,228,697 Intangible assets, net 10 4,783,107 4,523,073 Other non-current assets 11 1,012,772 966,583 Total non-current assets 59,672,232 59,024,337 Total assets 96,661,109 90,093,640 LIABILITIES AND EQUITY Current liabilities: Accounts payable 12 3,796,511 2,070,158 Other credit balances – current 13 4,861,815 4,189,499 Accrued expenses 14 12,152,978
    [Show full text]
  • Telecoms in the Kingdom of Saudi Arabia — an Overview
    CLIENT PUBLICATION CLIENT PUBLICATION TECHNOLOGY, MEDIA, & TELECOMMUNICATIONS | SEPTEMBER 2016 Telecoms in the Kingdom of Saudi Arabia — An Overview Sector Profile The Kingdom of Saudi Arabia has the largest information communication and technology market in the Middle East by both capital volume and spending.1 It is dominated by the Saudi Telecom Company (“STC”), Mobily and Zain, though new entrants to the market in the form of Mobile Virtual Network Operators (“MVNOs”) have begun to create additional competition. With 53 million subscribers to mobile phone services and a penetration rate of approximately 165%,2 competition in the industry is already fierce, but the demand for services is growing. It is a market quickly becoming one of the most coveted by local and international companies. In consideration of this, we outline in this article the Government entities, regulators and legal framework that underpin the sector and observe how the sector has been liberalised and is continuing to grow. Who are the Key Government Entities and Regulators? Ministry of Communications and Information Technology The Ministry of Communications and Information Technology is the Government body that oversees all information and communication technology in the Kingdom. It is responsible for planning and implementing the Government’s policies and strategies for the telecoms sector. Communications and Information Technology Commission The Communications and Information Technology Commission (“CITC”) is an independent Government agency with separate legal standing and financial and administrative independence. The CITC is responsible for licensing companies wishing to provide telecom and IT services in the Kingdom and for managing tariffs, content filtering and quality control.
    [Show full text]
  • A N N U a L R E P O R T F I G U R E S & F a C T S
    2 0 0 7 A n n u A l R e p o R t F i g u R e s & F A c t s Custodian of the Two Holy Mosques King Abdullah Bin Abdulaziz Al Saud His Royal Highness Crown Prince Sultan Bin Abdulaziz Al Saud The Deputy Premier & The Minister of Defence & Aviation & Inspector Table of Contents Chairman’s Statement >>> 7 Appendices Governor’s Statement >>> 9 Appendix (A): Board of Directors Decisions >>> 35 CITC Board >>> 11 Appendix (B): CITC Decisions >>> 36 Vision and Mission >>> 12 Appendix (C): Public Consultations >>> 37 1. Executive Summary >>> 13 Appendix (D): Licenses Issued >>> 38 2. ICT Sector in the Kingdom of Saudi Arabia >>> 14 Appendix (E): Spectrum Activities >>> 46 3. Organizational Structure and Manpower >>> 20 Appendix (F): CITC Financial Accounts >>> 47 4. Major Activities in year 2007 >>> 23 Appendix (G): Excerpts from the Code of Conduct >>> 48 5. Studies undertaken by the CITC >>> 31 6. Strategic Plan and 2008 Key Activities >>> 33 Chairman's Statement The information and communication technology (ICT) regulations and procedures, increase awareness of IT applications and benefits, and sector is a key element of the Saudi economy, with increasing promote its effective usage. impact on productivity and the gross domestic product. Liberalization of the telecommunications sector and the The Year 2007 saw the completion of an important stage towards full liberalization opening of markets to competition have contributed to the of the sector with the granting of the third license to provide mobile telecommunications revitalization of the national economy, increasing efficiency services, and with qualifications of three consortia for the award of new licenses for fixed and productivity, contributing to the higher rates of growth of telecommunications services, thus opening the fixed telephony market for competition for the national income and the development of human resources, first time in Saudi Arabia.
    [Show full text]
  • Download Shortlist
    Title Advertiser/Client Product/Service Entrant Company Country A01 Direction EXPLAINED TAKE 2 REHLAT REHLAT APPLICATION BEATTIE + DANE, Kuwait City KUWAIT OFFERS TO YOUR KNEES ORANGE EGYPT FOR TELECOMMUNICATIONS RECHARGE CARDS LEO BURNETT CAIRO EGYPT BE THE FUTURE AMERICAN UNIVERSITY IN CAIRO AMERICAN UNIVERSITY IN CAIRO J. WALTER THOMPSON CAIRO EGYPT BADYA THE CREATIVE CITY PALM HILLS DEVELOPMENTS BADYA FP7/CAI, Cairo EGYPT WHAT ARE WE ALLOWING? SAUDI TELECOM COMPANY 'TUBY' VIDEO APP FOR KIDS J. WALTER THOMPSON, Riyadh SAUDI ARABIA ELITE | THERE'S A WAFER HORREIA FOOD INDUSTRIES ELITE WAFER GOOD PEOPLE, Cairo EGYPT GOODBYE SON IKEA UAE IKEA MEMAC OGILVY, Dubai UNITED ARAB EMIRATES SARAH. THE GAME CHANGER SAUDI TELECOM COMPANY FIBER OPTICS J. WALTER THOMPSON, Riyadh SAUDI ARABIA THE WAITING ICRC LEBANON THE MISSING ICRC LEBANON, Beirut LEBANON A02 Script EXPLAINED TAKE 2 REHLAT REHLAT APPLICATION BEATTIE + DANE, Kuwait City KUWAIT HEKAYA FAMILY HOSPITAL ETISALAT MISR TARRIF FP7/CAI, Cairo EGYPT HEKAYA FAMILY LIVINGROOM ETISALAT MISR TARRIF FP7/CAI, Cairo EGYPT THAT CHEATER IKEA UAE IKEA MEMAC OGILVY, Dubai UNITED ARAB EMIRATES MAMA'S LITTLE BOY IKEA UAE IKEA MEMAC OGILVY, Dubai UNITED ARAB EMIRATES A03 Casting FISHEYE WART, UNDOUBTEDLY. VEZEETA.COM VEZEETA.COM KAIRO, Cairo EGYPT WHAT ARE WE ALLOWING? SAUDI TELECOM COMPANY 'TUBY' VIDEO APP FOR KIDS J. WALTER THOMPSON, Riyadh SAUDI ARABIA ELITE | THERE'S A WAFER HORREIA FOOD INDUSTRIES ELITE WAFER GOOD PEOPLE, Cairo EGYPT SHOWER MISHAP IKEA UAE IKEA MEMAC OGILVY, Dubai UNITED ARAB EMIRATES
    [Show full text]
  • Download Spotlight
    SPOTLIGHT Telco Mergers and Acquisitions Strategic Backgrounds, Use Cases and Future Developments This publication or parts there of may only be reproduced or copied with the prior written permission of Detecon International GmbH. Published by Detecon International GmbH. www.detecon.com Strategic Backgrounds, Use Cases and Future Developments I Detecon SPOTLIGHT Content What is it all about? 2 Telco M&A Trends 4 Summary 14 The Authors 15 The Company 16 Footnotes 17 05/2019 1 Detecon SPOTLIGHT I Telco Mergers and Acquisitions What is it all about? For years, we at Detecon have been actively supporting our clients in acquiring and integrating other organizations within the telecommunications industry. Thereby, our consultants have been observing worldwide transaction trends and mergers & acquisitions activities (M&A) in the global telecommunication markets. This “Telco Mergers and Acquisitions Spotlight” will highlight these observations from the past year and provide strategic insights into the most recent market developments, present selected use cases and explain the underlying rationale of those mergers. Finally, it will provide an outlook for possible M&A activities in 2019 and beyond. Mergers and acquisitions can be a valuable lever in building new digital business models or facilitating digital transformation. Furthermore, they are commonly used to generate growth, create synergies and reduce risk through diversification. Hence, it is not surprising that during a time characterized by increasing market uncertainty, the year 2018 has seen fewer transactions than in previous years. However, it was a record year for high-value M&A deals which can be seen in a comparison between 2017 and 2018 (Figure 1: Average deal value ($bn), 3Q17 vs.
    [Show full text]
  • Country List for Cellular Plans
    Campbell Scientific, Inc. Cellular Data Service World-Wide Coverage Plans Campbell Scientific Cellular Data Service is offered in the countries listed below. The list identifies the data plan code, associated cellular network carrier, and available countries. Orders for cellular data service need to indicate the desired plan. Service in other countries may be available. Contact Campbell Scientific if service is needed in a country not shown on the list. The customer is responsible to verify the modem is supported by the carrier. Cellular data service is subject to the Campbell Scientific, Inc., Cellular Data Service Plan Terms and Conditions and Customer Agreement found at www.campbellsci.com/cell-terms. Plan Country Operator IT1A Albania Eagle Mobile IT1A Albania Vodafone - Albania IT1B Anguilla Cable and Wireless (Anguilla) Ltd IT1B Antigua and Barbuda Cable & Wireless Antigua & Barbuda Ltd IT1B Argentina Telefónica Móviles Argentina S.A. IT1A Armenia Armenia Telephone Company (Armentel) Joint Venture IT1B Armenia UCOM LLC IT1B Aruba New Millennium Telecom Services NV IT1A Australia SingTel Optus Pty Limited IT1B Australia Telstra Corporation Limited IT1A Australia Vodafone Hutchison Australia Pty Limited IT1A Austria A1 Telekom Austria AG IT1A Austria T-Mobile Austria GmbH IT1A Azerbaijan Azercell Telecom LLC IT1A Bangladesh Banglalink Digital Communications Ltd. IT1B Bangladesh Grameenphone Ltd IT1B Barbados Cable & Wireless (Barbados) Ltd IT1A Belarus JLLC Mobile TeleSystems IT1A Belarus Unitary enterprise velcom IT1A Belgium ORANGE Belgium nv/SA IT1A Belgium Proximus PLC IT1A Belgium Telenet Group BVBA/SPRL IT1B Belize Belize Telemedia Limited IT1B Benin Etisalat Benin SA IT1A Bolivia (Plurinational State of) TIGO - Telefonica Celular de Bolivia S.A.
    [Show full text]
  • Prepared for Upload GCD Wls Networks
    LTE‐ LTE‐ Region Country Operator LTE Advanced 5G Advanced Pro Middle East 44 29 0 11 Afghanistan Total 30 0 0 Afghanistan Afghan Telecom (Aftel, incl. Salaam) 10 0 0 Afghan Wireless Communications Afghanistan Company (AWCC) 10 0 0 Afghanistan Etisalat Afghanistan 10 0 0 Bahrain Total 32 0 2 Bahrain Telecommunications Company Bahrain (Batelco) 11 0 1 Bahrain stc Bahrain (formerly Viva) 11 0 1 Bahrain Zain Bahrain 10 0 0 Cyprus Total 32 0 0 Cyprus Cytamobile‐Vodafone 11 0 0 Cyprus Epic (previously MTN Cyprus) 11 0 0 Cyprus PrimeTel (Cyprus) 10 0 0 Iran Total 42 0 0 Mobile Communication Company of Iran Iran (MCI) 11 0 0 Iran MTN Irancell 11 0 0 Iran Taliya Mobile 10 0 0 Iran Tamin Telecom (Rightel) 10 0 0 Iraq Total 10 0 0 Iraq Fastlink [Kurdistan Region] 10 0 0 Israel Total 64 0 0 Israel 018 Xfone (We4G) 10 0 0 Israel Cellcom 11 0 0 Israel Golan Telecom 10 0 0 Israel HOT Mobile 11 0 0 Israel Partner Communications Company 11 0 0 Israel Pelephone 11 0 0 Jordan Total 31 0 0 Jordan Orange Jordan 11 0 0 Jordan Umniah 10 0 0 Jordan Zain Jordan 10 0 0 Kuwait Total 33 0 3 Kuwait Ooredoo Kuwait 11 0 1 Kuwait STC Kuwait (formerly Viva) 11 0 1 Kuwait Zain Kuwait 11 0 1 Lebanon Total 22 0 0 Lebanon Alfa (MIC 1) 11 0 0 Lebanon Touch Lebanon (MIC 2) 11 0 0 Oman Total 22 0 0 Oman Telecommunications Company Oman (Omantel) 11 0 0 Oman Ooredoo Oman 11 0 0 Palestinian Territory Total 00 0 0 Qatar Total 22 0 2 Qatar Ooredoo Qatar 11 0 1 Qatar Vodafone Qatar 11 0 1 Saudi Arabia Total 54 0 2 Saudi Arabia Mobily (Etihad Etisalat) 21 0 0 Saudi Arabia Saudi Telecom Company (stc) 22 0 1 Saudi Arabia Zain Saudi Arabia 11 0 1 Syria Total 20 0 0 Syria MTN Syria 10 0 0 Syria SyriaTel 10 0 0 Turkey Total 33 0 0 Turkey TT Mobil (Turk Telekom) 11 0 0 Turkey Turkcell 11 0 0 Turkey Vodafone Turkey 11 0 0 United Arab Emirates Total 22 0 2 United Arab Du (Emirates Integrated Emirates Telecommunication Company, EITC) 11 0 1 United Arab Emirates Etisalat UAE 11 0 1 Yemen Total 00 0 0 5/15/2020.
    [Show full text]
  • The World's Most Valuable Mobile Telecoms Brands 2008
    The World’s Most Valuable Mobile Telecoms Brands 2008 www.intangiblebusiness.com Content The World’s Most Valuable Mobile Telecoms Brands 2008 Contents 1. Introduction 2. Methodology 3. Key Issues 4. Brands Punching Above Their Weight 5. Brands Punching Below Their Weight 6. The Top 10 7. Biggest Regions 8. Regional Analysis 9. Country Analysis 10. The Top 100 www.intangiblebusiness.com Introduction The World’s Most Valuable Mobile Telecoms Brands 2008 1. Introduction This is the first time the values of the world’s largest mobile telecoms brands have been published. The brands of those in the top 100 are collectively worth over $300bn. This is a heavily branded industry. With mobile services frequently generic – with little to choose from between competitors – brands are generally the main differentiator. They can inspire loyalty, help reduce customer churn, increase average revenues per user (ARPU), attract new customers and encourage existing ones to trial new services and related products. The World’s Most Valuable Mobile Telecoms Brands 2008 identifies which brands are succeeding in building value for their shareholders and which brands require additional resource and attention. 500 of the world’s biggest operators were studied to produce the top 100. The telecoms industry is highly competitive and acquisitions are common. 2009 will be a testing year for all. The economic instability and uncertainty should drive investors to seek defensive havens in businesses with safe, strong, valuable brands. This publication highlights the most valuable brands and those with the biggest opportunities, both in developed and emerging markets. Intangible Business would like to thank the people and organisations which have contributed to the production of this report and research.
    [Show full text]
  • Final List of Participants
    OECD Global Conference on Telecommunications Policy for the Digital Economy 21-23 January 2002, Dubai, U.A.E. Final List of Participants Mr. Kamel ABU SAQR Al Moosa Group Dubai, United Arab Emirates Mr. Zaid ABUNUWAR Enterprise Group Manager Microsoft Dubai, United Arab Emirates Mr. Erkan AKDEMIR Member of Board Telecommunications Authority Ankara, Turkey Mr. Isam AKRAT General Counsel Thuraya Satellite Telecommunications Company Abu Dhabi, United Arab Emirates H.E. Sheikh Ahmed Abdulla AL AHMED Minister of Telecommunications AL JABER AL SABAH Kuwait Mr. Ali AL AMIRI Executive Vice President and Operations ETISALAT United Arab Emirates Mr. Mohammad AL AMMAR Student University of Strathclyde Glasgow, United Kingdom Mr. Awad AL ASSAF V.P. Common Services Saudi Telecom Company Riyadh, Saudi Arabia Dr. Ohoud AL ATTASSI Ministry of Telecommunications Syria Mr. Suhail AL BANNA IT Manager Emarat Dubai, United Arab Emirates Mr. Khaled A. AL BESHARA Chairman Consultant Wataniya Telecom Dr. Tammer AL DEGHAIDI Gulf Area Manager Edu System Gulf Yemen Dr. Hadef Bin Jouan AL DHAHERI Vice Chancellor UAE University United Arab Emirates H.E. Imad A. A. AL FALOJI Minister of Post & Communication Minister Office, Palestinian National Authority Gaza Mr. Omar Abdulla AL FUTTAIM Vice Chairman & Chief Executive Officer Al-Futtaim Group Dubai, United Arab Emirates Mr. Ali Mohammed AL-GARNI GM Corporate Planning Saudi Telecom Company Riyadh, Saudi Arabia Mr. Nabeel A. AL-GERMOZI Chairman CEW Sana’a, Yemen Mr. Mohammed Nasser AL GHANIM Manager GMPCS Affairs Thuraya Satellite Telecommunications Company Abu Dhabi, United Arab Emirates Mr. Nasser M. AL HUSSAIN Information Specialist Gulf Organisation for Industrial Consulting Doha, Qatar Mr.
    [Show full text]
  • Annual Report 2015 Table of Contents
    ANNUAL REPORT 2015 TABLE OF CONTENTS About Mobily The year at a glance 08 Overall business development 10 Company profile 11 Vision, mission and values 12 www.Mobily.com.sa Timeline 13 Chairman’s statement 16 Board of Directors 18 Strategic Review CEO’s introduction 22 Strategic overview 24 CFO’s overview 26 Marketplace 28 Business Model 30 Investing in people 32 Innovation & technology 34 Customer dedication 36 Social responsibility 38 Shareholder information 40 Achievements & awards 42 Financial Review Financial review 46 Income statement 47 Cash flow statement 48 Balance sheet 50 His Royal Highness Crown Prince Mohammed bin Nayef bin Abdul Aziz Al Saud Deputy Premier, Minister of Interior and Chairman of the Council of Political and Security Affairs King Salman bin Abdul Aziz Al Saud Custodian of the Two Holy Mosques His Royal Highness Deputy Crown Prince Mohammed bin Salman bin Abdul Aziz Al Saud Second Deputy Premier, Minister of Defense and Chairman of the Council of Economic and Development Affairs ABOUT MOBILY Annual Report 2015 Annual Report 2015 THE YEAR AT A GLANCE Mobily is Saudi Arabia’s second largest telecommunications operator. With exceptional customer after a short but challenging period in its history. To achieve this objective, we focused on three key service at the heart of our business, we provide 2G, 3G, 4G FDD and 4GE TDD services to subscribers areas: financial performance, operations, and assets and resources. across the Kingdom. Our main revenue streams are usage fees - voice, data, interconnection charges, value-added-services and Fiber-to-the-Home (FTTH), handsets and accessories sales, In the course of the year, we have succeeded in strengthening the core of our organization, subscription fees Infrastructure-as-a-Service sales (IAAS), and returns from ventures.
    [Show full text]
  • Unlocking the 5G Opportunity
    Unlocking the 5G Opportunity ITU Regional Forum on Emerging Technologies 23-24 Apr -2019 Tunis, Tunisia Dr. Brahim GHRIBI Nokia © Nokia 2018 Customer confidential 5G is Now Extreme Mobile Broadband Massive Critical machine machine communication communication 2 We have 30 + commercial 5G deals, including San Marino the following (public): •A1 (Austria) •Antel (Uruguay) •AT&T(US) •Docomo (Japan) •KT (S. Korea) •Optus (Australia) •Rain (South Africa) •Salt (Switzerland) •SK Telecom (S. Korea) •Sprint (US) •Saudi Telecom Company (Saudi Arabia) 100+ engagements with our •Telenor Group (Denmark) •Telia Company (Finland) customers •TIM (San Marino) •T-Mobile (US) https://networks.nokia.com/5g/5g-in-action •US Cellular (US) •Vodafone Italy (Italy) 3 © 2017 Nokia The Diverse Impact of 5G Business Network Industry 4.0 Spectrum Models Investments & The Economy Policy and Regulatory Collaboration / Harmonization 4 © ©Nokia 2018 2017 Nokia Business Models Nokia 5G Maturity Index Strategic Technology Advanced Coordinated Complex Use Case Monetizer Two third expect 5G to generate Coordinator Deployer new revenue streams Technology Driver Balanced Builder Multiple use case implementer 70% of operators are focused on 5G to help improve existing consumer services Technology maturity maturity Technology 86% Measured Follower Use case driver Strategic Use Case Coordinator Those operators most advanced in 5G transformation are focused on six to eight use cases. Business / use case maturity Source: Analysys Manson 2019 5 © 2019 Nokia Business Models Build virtual e2e networks to suit diverse use cases and applications Ultrabroadband Home entertainment Business comms Mobile broadband slice Low latency Emergency services Low latency slices Automotive Medical M2M Manufacturing Mining IoT slice Logistics Industry Other industry slice Industry specific applications 6 © 2017 Nokia 5G network slicing 5G NETWORK INVESTMENT REALITY #1 REALITY #2 REALITY #3 5G is full E2E.
    [Show full text]