Kuwait Telecommunications Co (STC)

Mubasher: Kuwait Telecommunications Company (stc) has announced the Middle East's inaugural commercial deployment of 5G RedCap Fixed Wireless Access (FWA) service. A groundbreaking advancement in broadband connectivity, the 5G RedCap FWA service …

Mubasher: Kuwait Telecommunications Company (stc) reported KWD 15.9 million in net profit during the first half (H1) of 2020. The telecom company achieved revenues of KWD 136.4 million, and earnings per share (EPS) of 32 fils, according to a press …

Riyadh –Mubasher: Kuwait Telecommunications Company (stc) on Tuesday rolled out new plans to explore machine-to-machine (M2M) and Internet of Things (IoT), as well as the launch of an advanced fleet management solution. stc business focused on …

Mubasher: Kuwait Telecommunications Company (stc) said, during the 5G MENA virtual conference, that the Kuwaiti telecom market is a highly challenging and evolving with growing demand, from both individuals and corporates, for 5G services and …

Mubasher: Kuwait Telecommunications Company (stc) rolled out a new bundle of revolutionary remote collaboration tools and integrated video conferencing services for the B2B sector. The new bundle of services and equipment will assist customers in …

Mubasher: Kuwait Telecommunications Company (stc) on Tuesday rolled out some new innovative digital and cloud solutions to further empower small and medium-sized enterprises (SMEs) and startups in digitising and growing their business operations …

Mubasher: Kuwait Telecommunications Company (stc) has implemented a data link connection between the International Hospital and the Ministry of Health data centre through its technological arm and Internet Service Provider (ISP) Qualitynet. The 50 …

Mubasher: The ordinary general meeting (OGM) of Kuwait Telecommunications Company (stc) approved the proposed dividend distribution of 50% of the share’s nominal value or 50 fils per share for the fiscal year (FY) ended on 31 December 2019. The …

Mubasher: The three mobile telecom service providers in Kuwait will offer every subscriber five gigabytes (GB) of internet usage free of charge every day for a month, Kuwait News Agency (KUNA) reported. The Communication and Information Technology …

Mubasher: Kuwait Telecommunications Company (stc) has achieved a net profit of KWD 43.6 million during fiscal year 2019. The recently rebranded company, which is a subsidiary of the Saudi stc Group, generated a total revenue of KWD 293.7 million …

Riyadh – Mubasher: Kuwait Telecommunications Company (stc), a subsidiary of Saudi Telecom Company (stc), has signed a long-term finance agreement with the National Bank of Kuwait (NBK). The KWD 40 million finance deal extends to ten years, with …

Mubasher: Kuwait Telecommunication Co (VIVA) said that it will change its branding, within Saudi Telecom Company (STC) new branding strategy, as from Thursday. Accordingly, VIVA will trade under the ticker name of STC, as from 26 December 2019, …

Mubasher: The financial statements of Kuwait Telecommunication Co (Viva) revealed a 14% year-on-year decrease in profits during the third quarter of 2019. The profit plunged to KWD 11.686 million in Q3-19 when compared to KWD 13.581 in the …

Mubasher: The outstanding digital provider in Kuwait, Kuwait Telecommunication Co (Viva), will participate in the International Banking Conference organised by the Central Bank of Kuwait (CBK) on 23 September 2019. Viva will take part in this …

By: Mohammed Farouk Mubasher: The profit of the three Kuwait-listed telecom companies grew by 13.5% in the second quarter of 2019, recording KWD 69.04 million ($277.43 million), compared to KWD 60.84 million ($200.43 million) in the year-ago …

Mubasher: Meysan Partners has acted as a legal advisor to Kuwait Telecommunication Co (Viva) in the KWD 28.3 million ($93.3 million) acquisition of Qualitynet, according to Al-Jarida. Viva bought 90% of Qualitynet’s shares from Batelco Group and …

Mubasher: Kuwait Telecommunication Co (Viva) has acquired the whole shares of Qualitynet at a value of KWD 28.3 million ($93.3 million). The acquisition is a major opportunity for Viva and Qualitynet to expand their business and exchange …

Mubasher: Kuwait Telecommunication Co (Viva) reported a decline of 16.8% in net profits during the first quarter of 2019 compared to the same period a year ago. Earnings shrank to KWD 9.63 million ($31.7 million) in Q1-19 compared to KWD 11.57 …

Mubasher: Kuwait Telecommunication Co (Viva) announced the launch of the distinguished devices Huawei P30 Pro and Huawei P30. Viva offers postpaid plans which begin from KWD 20 that provide clients with 50 gigabytes (GB) internet in addition to …

Mubasher: Kuwait Telecommunication Co’s (Viva) shareholders on Wednesday have approved distributing a cash dividend of 40 fils per share, or 40% of the share’s nominal value, for the full fiscal year 2018. Dividends will be eligible for …

Mubasher: Kuwait Telecommunication Co (Viva) announced the appointment of Maziad Nasser Al Harbi as the new CEO of the telecom company, according to a bourse disclosure on Sunday. Viva noted that Al Harbi has been named as the CEO, effective on 14 …

Mubasher: Kuwait Telecommunication Co (Viva) announced that it has accepted the resignation of Salman Abdul Aziz Al Badran from his position as the CEO of the telecom company. Viva noted that the resignation will be effective from Thursday, 21 …

Mubasher: Kuwait Telecommunication Co (Viva) achieved an increase of 17.8% in profits to KWD 50.42 million ($166.6 million) in fiscal year 2018 compared to KWD 42.8 million in the prior year. The rise in FY18 earnings is attributed to the …

Mubasher: Kuwait Telecommunication Company (VIVA) on Sunday announced that it has inked an initial agreement with both National Bank of Kuwait (NBK) and Bahrain Telecommunications (BATELCO) to buy Qulitynet Company. VIVA will buy the entire …

Mubasher: Kuwait Telecommunication Co (Viva) achieved an increase of 49% in profits during the third quarter of 2018 compared to the corresponding quarter last year. Earnings grew to KWD 13.59 million ($44.82 million) in Q3-18 from KWD 9.12 …