Telecom growth opportunities found in the three sectors (consumers, enterprise, and wholesale)

Dr. Khaled Biyari, Group CEO of STC talks about areas that are the most promising for growth in the telecom sector.

Which areas are the most promising for growth? Where do you see growth in such a saturated market?

We see potential growth opportunities in all the three sectors (consumers, enterprise, and wholesale). From a saturation perspective, in terms of penetration or number of users, we are already at saturation; in one year, the traffic of our fixed network users grew more than 150% and the traffic of our mobile network grew over 250%.

When you look at saturation in terms of traffic, there is a huge increase in process. Saudi customers are digitally savvy and attached to the Internet – this can be a potential growth for the telecom companies. STC sees a complete change and major opportunities in the way enterprise companies seek their services.

STC is an incumbent operator with a huge network that covers the Kingdom and the region. We are participants in the major international submarine cables that provide traffic across the globe; therefore, the wholesale segment of our business is another area of potential growth for operators both in the Kingdom and the region, and potentially on a global scale. As a result, we are revising our wholesale strategy to ascertain it brings in more value to the company.