Kuwait Telecommunications Co (STC) News - Mubasher Info
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31 July 12:25 PM

Kuwait Telecommunications Co (STC`R)

Last update: 8 May 12:39 PM market time.
549.00
5.00
0.92%
Open 544.00
Previous Close 544.00
High 549.00
Low 542.00
Stock Statistics
Volume 1,413,163
Turnover 772,033.30
All data are 15 minutes late during market session

News

Photo Gallery
10 March 2024 09:34 AM Kuwait’s stc deploys new 5G wireless service in Middle East
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 …
Companies Investments
The company’s total assets reached KWD 403.7 million
27 July 2020 02:46 PM stc records KWD 136.4m revenues in H1-20
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 …
Financial Results
The plans aim to satisfy the market demand for IoT solutions
21 July 2020 06:40 AM stc unveils new IoT strategy, M2M plans, advanced fleet management solution
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 …
Companies Investments
stc’s 5G network currently covers over 90% of the populated areas in Kuwait
5 July 2020 00:00 PM stc takes part in 5G MENA virtual conference
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 …
Companies Investments
The services aim at ensuring operational continuity
17 June 2020 08:39 AM stc unveils new video conferencing solutions for businesses
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 …
Companies Investments
The new cloud-based services suit various businesses
9 June 2020 08:13 AM stc Kuwait unveils new digital services for SMEs and Startups
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 …
Companies Investments
stc said it provided the data link as a free service
28 April 2020 09:04 AM stc Kuwait establishes data link to help combat coronavirus
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 …
Companies Investments
The dividends will be paid to the shareholders on 15 April
23 March 2020 10:02 AM Kuwait’s stc approves dividends for FY19
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 …
General Assembly
Photo Archive
21 March 2020 05:56 PM Mobile operators in Kuwait offer free calls, internet
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 …
Sector Reports
Earnings per share (EPS) stood at 87 fils
3 February 2020 04:52 PM Kuwait’s stc records KWD 43.6m profits in FY19; dividends proposed
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 …
Cash Dividends
The National Bank of Kuwait (NBK)
21 January 2020 01:33 PM stc agrees KWD 40m agreement with NBK
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 …
Companies Investments
VIVA will trade under the ticker name of STC
19 December 2019 10:24 AM Kuwait’s VIVA rebrands to STC
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, …
Company News
The profit decline is ascribed to high competition in the market
29 October 2019 06:35 AM Viva sees 15% lower profit in 9M
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 …
Financial Results
STC Pay will display its free and safe consumer digital services
23 September 2019 09:30 AM Viva among 40 exhibitors in “Shaping Future” banking conference
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 …
Banking and Finance
The companies’ profit levelled up by 9.9% YoY in H1
3 August 2019 02:43 PM 3 Kuwaiti telecom firms post $277.4m profits in Q2-19
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 …
Financial Results
Viva bought 90% of Qualitynet’s shares from Batelco Group
10 July 2019 03:42 PM Meysan Partners advises Viva in Qualitynet’s deal
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 …
Companies Investments
The deal will enable the two firms to offer state-of-the-art services for the customers
7 May 2019 07:22 AM Viva acquires Qualitynet at $93.3m
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 …
Mergers and Acquisitions
Earnings shrank to KWD 9.63 million ($31.7 million) in Q1-19
29 April 2019 00:36 PM Viva posts KWD 9.6m net profit in Q1-19
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 …
Financial Results
P30 Pro and P30 are currently available in aurora, mid-day sky, and rosy dawn colours
10 April 2019 00:45 PM VIVA launches new Huawei editions with postpaid plans
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 …
Companies Investments
VIVA plans to enhance its main business activities in 2019
27 March 2019 00:32 PM VIVA OKs 40 fils/shr dividends for 2018
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 …
Board of Directors
Al Harbi has been named as the CEO, effective on 14 April.
17 March 2019 08:31 AM Viva names Al Harbi as new CEO
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 …
Company News
Viva closed Thursday’s session 0.12% higher at 841 fils
21 February 2019 00:31 PM Viva accepts CEO’s resignation, effective from March
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 …
Corporate Actions
Viva posted a decline of 6.9% in Q4-18 profits
5 February 2019 08:50 AM Viva records KWD 50m profits in FY18; board proposes 40% dividends
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 …
Financial Results
VIVA is working on obtaining the required approvals to end the transaction.
4 November 2018 06:58 AM VIVA inks deal with NBK, BATELCO to buy Qualitynet
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 …
Companies Investments
Viva recorded a rise of 82.3% in nine-month profits
29 October 2018 01:52 PM Viva profits surge to KWD 13.5m in Q3
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 …
Financial Results