2000 News Story
 

11/29/2000
Saudi Telecom thriving in second year

The Saudi Telecommunications Company (STC), now in its second year of operation, recorded revenue for last year of over SR 14 billion [U.S. $ 3.73 billion]. STC has provided nearly three million new land telephone lines, a 25 percent increase, and is granting permits to several private companies to offer pre-paid telephone service.


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