STC Group Listed as Top Telecom Firm in MENA

STC Group has been ranked as the leading telecommunications firm in the Middle East, according to a London Financial Times list of the 500 largest companies in the world.

The list placed the firms by their market value at the end of March 2012.

STC, in their bid to expand further beyond the region, is one of the main participants in submarine cables that link South East Asia with Western Europe and North America, running through the Middle East, as AMEinfo stated.

STC has stated a strategy to develop and expand its international network, in order to meet the growing demand of various telecommunications and internet services in Saudi Arabia and the region, through linking with the rest of the world.