0
Wireless

STC Kuwait revenue rises 2% in first 9 months, net profit down 13%

Wednesday 3 November 2021 | 09:58 CET | News
STC Kuwait said its revenue increased by 2.3 percent to KWD 213.8 million in the first nine months to 30 September from KWD 209.0 million in the same period of 2020 despite the slow recovery from the Covid-19 crisis. Net profit decreased by 13.4 percent to KWD 23.8 million because of high depreciation for investments in 5G network assets.

Thank you for visiting Telecompaper

Sign up below to get access to the rest of this article and all the telecom news you need.

  • Register free and gain access to even more articles from Telecompaper. Register here
  • Subscribe and get unlimited access to Telecompaper’s full coverage, with a customised choice of news, commentary, research and alerts.

Subscriptions

Already registered?



Categories: Mobile & Wireless
Companies: STC Kuwait
Countries: Kuwait
::: add a comment
This article is part of dossier

5G

,

Coronavirus


Add comment

Please login or register to leave a comment.

We welcome comments that add value to the discussion. We attempt to block comments that use offensive language or appear to be spam, and our editors frequently review the comments to ensure they are appropriate. If you see a comment that you believe is inappropriate to the discussion, you can bring it to our attention by using the report abuse links. As the comments are written and submitted by visitors of the Telecompaper website, they in no way represent the opinion of Telecompaper.


Related

STC Kuwait agrees to acquire E-Portal Holding Company

Published 04 Jan 2022 13:26 CET | Kuwait
STC Kuwait has announced that it has signed a binding agreement to acquire 100 percent of the share capital of E-Portal Holding ...

STC Kuwait holds iPhone 13 launch event

Published 12 Nov 2021 10:37 CET | Kuwait
Saudi operator STC had held an iPhone 13 series launch event. It set up a drive-thru car service on Salem Al-Mubarak Street in ...

STC Kuwait opens 2-storey shop in Salmiya's Marina Mall

Published 13 Oct 2021 16:02 CET | Kuwait
STC Kuwait has opened a branch at the Marina Mall in Salmiya, with two storeys. each organised with customer convenience and ...

STC Kuwait takes reservations for Samsung Galaxy Z series until 09 September

Published 30 Aug 2021 10:49 CET | Kuwait
STC Kuwait has begun taking advance orders for the Samsung Galaxy Z series of foldable phones. Those wishing to acquire the ...

STC Kuwait launches KWD 50,000 raffle promotion

Published 12 Aug 2021 14:44 CET | Kuwait
STC Kuwait announced the launch of a raffle draw with a total prize of KWD 50,000 for customers subscribing to new commitment ...

STC Kuwait revenue up 2% in H1

Published 04 Aug 2021 15:32 CET | Kuwait
Mobile operator STC Kuwait's revenue increased by 2.2 percent to KWD 139.4 million in the first half of 2021 compared to KWD ...





Calendar   /   Industry Events

25 Jan Ericsson Q4 2021
25 Jan Verizon Q4 2021
25 Jan Microsoft fiscal Q2
25 Jan F5 fiscal Q1
25 Jan European 5G Conference
26 Jan AT&T Q4 2021
26 Jan Crown Castle Q4 2021
26 Jan Corning Q4 2021
26 Jan Intel Q4 2021
26 Jan Calix Q4 2021
27 Jan Juniper Networks Q4 2021
27 Jan STMicroelectronics Q4 2021
27 Jan Extreme Networks fiscal Q2
27 Jan MTN Nigeria Q4 2021
27 Jan Rogers Communications Q4 2021
27 Jan Elisa Q4 2021
27 Jan Comcast Q4 2021
27 Jan Samsung Electronics Q4 2021
27 Jan Apple fiscal Q1
27 Jan FCC meeting
28 Jan SK Hynix Q4
28 Jan Telia Lithuania Q4 2021
28 Jan Telia Company Q4 2021
28 Jan Charter Communications Q4
::: More Calendar Items