Kuwait Telecommunications Company logs over $500mln H1 revenue

Kuwait Telecommunications Company logs over $500mln H1 revenue

KUWAIT CITY - Kuwait Telecommunications Company (stc), a worldclass digital leader providing innovative services and platforms to customers and enabling the digital transformation in Kuwait, announced its financial results for the six-month period ended June 30, 2022, highlighting the most significant achievements, financial and operational performance in addition to the social initiatives made by the company during the first half of 2022.

Commenting on the announcements of these results, Dr. Mahmoud Ahmed Abdulrahman, stc’s Chairman, stated: “stc’s outlook with regards to the increased demand on the ICT integrated technologies and digital solutions is considered one of the key factors for executing Company’s corporate strategy of expanding its services in the B2B sector. Accordingly, stc has completed its acquisition on all the share capital of E-portal and its subsidiaries in the second quarter of 2022. This acquisition demonstrates stc’s commitment to grow its position in the ICT field by providing the best in class integrated technical solutions to its individuals and enterprise customers. With an increased focus on the ICT services, stc was able to capture new streams of revenue driven by the latest extensive demand on the digital communications and information technology services”. He pointed out: “stc is currently developing its