Saudi Telecom Company http://www.alacrastore.com/company-snapshot/Saudi_Telecom_Company-2561958 Monday, October 06, 2008 7:36:44 PM 2561958 Saudi Telecom Company en AlacraStore RSS Builder 1.0 30 http://www.alacrastore.com/storecontent/spcred/653432spcred/653432normThe latest Summary from S&Pglobal6/11/2008 3:23:07 PM175Summary653432Saudi ArabiaIntegrated Telecommunication ServicesEmerging MarketsEurope, Middle East, AfricaGlobal IssuersCorporationsTelecommunications & CableSummaryThe ratings on Saudi Telecom Company (STC), the former incumbent fixed-line and mobile telecommunications operator in the Kingdom of Saudi Arabia (AA-/Stable/A-1+), are supported by its leading market position in the recently liberalized Saudi fixed-line telecom market, with a difficult to replicate national network, implicit state support, high operating profitability margins, and very strong cash flows. The ratings are constrained, however, by potential further regulatory changes, which may negatively affect the company's competitive position and market shares, and higher competition following the entrance of a third operator in the Saudi market in 2008. The Saudi market offers the potential for STC to maintain its position through incremental growth in broadband connections, which is currently at a very low level. TheSAU50101020 501010 5010 50Saudi Telecom Company429859EMERGINGEUROMIDAFRSTC@ABSUMMARYGLOBISSCORPTelecommunicationsCredit & Investment ResearchS&P Credit Researchhttp://www.alacrastore.com/storecontent/moodys/PBC_107661moodys/PBC_107661pdfSaudi Telecom CompanyAnalysis2/26/2008 12:13:46 PMSaudi Telecom Company820556226300.0000AnalysispdfSaudi Telecom CompanyPBC_107661Credit & Investment ResearchMoody's Global Credit Researchhttp://www.alacrastore.com/storecontent/moodys/COP_820556226moodys/COP_820556226htmlSaudi Telecom CompanyCredit Opinion2/22/2008 4:15:38 PMSaudi Telecom Company820556226150.0000NewshtmlSaudi Telecom CompanyCOP_820556226Credit & Investment ResearchMoody's Global Credit Research