(Mt) – MGT 321 The Saudi Telecom Largest Telecommunications Company Essay

SOLUTION AT Academic Writers Bay

View attached explanation and answer. Let me know if you have any questions.1Saudi TelecomStudent’s name and affiliationCourse informationInstructor’s nameDue date2Saudi TelecomSaudi Telecom Company (STC) is KSA’s largest telecommunications company. STCoffers a wide variety of services ranging from telephone to Internet. With over 17,000 employeesoperating across the Gulf including Kuwait, UAE, and Bahrain as well as Asian countries likeMalaysia and Indonesia, STC has accumulated over $28.8 B in assets and is valued at $44.1 B.according to STC’s website at About us (2022), the company’s vision is “We are a world-classdigital leader providing innovative services and platforms to our customers and enabling thedigital transformation of the MENA region.” STC is committed to innovation and evolutionthrough ICT solutions and digital services ranging from cyber security, digital media, digitalsolutions, financial technology and to become a leader in digital transformation in the KSA andthe MENA region. STC is headquartered in Riyadh and is the largest company intelecommunications in the region and has invested in the GCC countries, growing in marketcapitalization, employees, and revenue. The present analysis explores the SWOT and thepolitical, economic, cultural, and legal challenges experienced by STC in the KSA. Anexploration of the company’s internal environment shows that STC has a large market in theregion, a wide range of services, a strong brand and competitive advantage. However, STC doesnot have a significant global presence.SWOT AnalysisStrengthsFirst, STC has established a strong market in the KSA and GCC (Mustafa, 2020). Financialstatements from STC show that the company has averaged over SAR 50 billion in the recentfinancial years. STC offers a wide variety of products, specifically the 4G network that is used in375% of market in KSA, making the company the largest network provider in the region (Mustafa,2020). STC has created a large market in KSA and North Africa, expanding its presence to…

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