By Assil bin Talib
Riyadh-Mubasher: Saudi Telecom Co. (STC) will continue to invest in infrastructure, which will help develop the kingdom's telecom industry, said CEO Khaled Biyari.
On the sidelines of the Global Competitiveness Forum held in Riyadh, Biyari told Mubasher that the competitiveness is very important for the local telecom sector.
He added that telecom is one of the most important sectors which will provide suitable environment to other sectors in the kingdom.
The CEO commended the company's financial results for the fourth quarter of 2015, which reflected strong growth in returns.
STC reported SAR 1.95 billion profits for Q4-15, down 20.15% year-on-year from SAR 2.44 billion and 16.02% quarter-on-quarter from SAR 2.3 billion.
Translated by Abdul Maguid Aboshahla
