RIYADH, 24 June  — The Saudi Telecom Company yesterday denied a report carried by Al-Watan Arabic newspaper that the company’s board of directors had agreed to floating STC shares for public subscription from March next year. “There is no truth to the report,” an official STC source said, adding that the decision on public issue of STC shares would be based on the sector’s comprehensive plan. The source said the issue was still being studied by concerned authorities. (SPA)