Kuwait Telecommunications Co.
KKSE:STC580.00
KWF
+5.00
(+0.87%)
ISIN
KW0EQB010084
Return %
Stock
S&P 500
1Y
-0.68
14.20
3Y
4.88
81.12
5Y
34.73
68.34
Capital Structure
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in mil. unless spec.Quarterly Revenue
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in mil. unless spec.Company Description
- CEO
- Muataz Abdullah Abdulaziz Al-Dharrab
- Sector
- Communications
- Industry
- Wireless telecommunications
- Address
- Kuwait City Kuwait
- IPO Date
- Dec 14, 2014
- Website
- stc.com.kw
- Similar Companies
- Business
- Kuwait Telecommunications Company K.S.C.P. (operating under the commercial brand name stc Kuwait) is a Kuwait-based provider of integrated telecommunications, digital infrastructure, and enterprise information and communications technology (ICT) services. Established in 2008 and headquartered in Kuwait City, Kuwait, the company operates as a principal subsidiary of Saudi Telecom Company (stc Group), which holds a controlling majority equity interest alongside institutional shareholders including the Kuwait Investment Authority. The company delivers connectivity and digital solutions to consumer, small and medium-sized enterprise (SME), large corporate, and government clientele across the State of Kuwait. The company operates through three core business segments: Consumer Telecommunications, Enterprise and ICT Solutions, and Wholesale and Carrier Services. Its comprehensive portfolio includes mobile telecommunications services, featuring postpaid and prepaid voice calling, nationwide 4G LTE and high-speed 5G mobile broadband, international roaming, eSIM technology, and mobile value-added services; fixed broadband and residential connectivity, including fiber-to-the-home (FTTH), high-capacity fixed wireless access (FWA), and smart home networking solutions; enterprise ICT and managed digital services, encompassing hybrid and private cloud infrastructure, data center colocation, disaster recovery, software-defined wide area networking (SD-WAN), cybersecurity and managed security services, Internet of Things (IoT) platforms, and unified business communications; specialized system integration and IT infrastructure engineering delivered through its enterprise subsidiaries, solutions by stc (formerly Qualitynet) and E-Portal Holding Company K.S.C.; and digital lifestyle services, comprising consumer device retail and financing, digital payment enablement, and digital entertainment streaming platforms. In recent strategic developments, Kuwait Telecommunications Company has advanced its network capabilities and enterprise technology portfolio. The company has engaged in strategic technology partnerships with global network vendors, including Huawei and Ericsson, to conduct commercial trials and deployment of 5G-Advanced (5.5G) network architectures, introduce 5G RedCap (Reduced Capability) technology for industrial IoT applications, and expand network slicing for mission-critical enterprise use cases. In its enterprise division, stc Kuwait has expanded strategic alliances with leading global cloud hyperscalers and cybersecurity technology providers to enhance its managed sovereign cloud, artificial intelligence-enabled enterprise tools, and advanced data protection services. In addition, the company continues to consolidate and expand the capabilities of its ICT subsidiaries, solutions by stc and E-Portal Holding, while deploying artificial intelligence-driven automation and cognitive self-service modules across its digital applications and customer service operations.