Saudi Telecom Company (STC): A Monopoly For 18x Earnings

Saudi Telecom is the largest telco provider in Saudi Arabia. The company offers mobile, landline, Internet, and TV on-demand services, as well as international telecommunication, broadband, and other related services. A former government-sanctioned monopoly, it commands 75% market share and sports industry-leading margins. They privatized in 1998 and spun-out as a public company in 2004. […]