Saudi Telecom Co. — Interim / Quarterly Report 2011

Jul 18, 2011

Saudi Telecom Company announces the interim consolidated financial results for the period ending at 30.06.2011 (6 months). ( Cont -2.)

7010 · 18/07/2011 19:11:56 · Announcement #22345 · View on Saudi Exchange

Saudi Telecom Company announces the interim consolidated financial results for the period ending at 30.06.2011 (6 months). ( Cont -2.)

With regards to ALJAWAL, the first half of 2011 experienced an 83% increase in mobile Broadband revenue compared to the same period last year and postpaid revenue increased during that period as a result of the increased sale of smart phones and usage. In addition, during the 2nd quarter, mobile subscribers have increased by 8% compared to the same period last year, as a result of the efforts to develop excellent loyalty programs and offering customers new postpaid packages where network coverage has reached 99% of roads and populated areas. In all cities and remote areas STC provides wireless broadband services, at speeds of up to 42.2 Mb/s. STC continued with the development of content services, that serve more than six million customers, to become the major content provider and ensuring that the offering suits all segments of society and meet the diverse requirements of all customers. The company continued to invest in modern applications being one of the most important features in the very competitive domestic market, where the development of many applications for Saudi Arabian communications were posted on the Apple Store. Also STC continued to launch exclusive applications to facilitate innovative access to social networking sites.

With regards to the Enterprise sector the company has strengthened its position where, during the second quarter, the company launched several services, such as the business Quick Net that allows a customer to surf the Internet and e-mail at speeds of 42 Mb/s. In addition the sector has just launched recently AAMAL LIGHT package which includes data and voice solutions from one source to address the medium size business.

The second quarter marked the introduction of the LEAD Strategy, a new strategy for STC that will cover the period 2011 - 2013, which was the result of careful reading of the future of the market, the telecommunications industry and information technology, as well as the announcement of the new Group organization structure in accordance with this strategy.

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