Saudi Telecom Co. — Interim / Quarterly Report 2012

Jul 18, 2012

Saudi Telecom Company announces the interim consolidated financial results for the period ending at 30.06.2012 (6 months). ( Cont 4 )

7010 · 18/07/2012 18:33:20 · Announcement #26602 · View on Saudi Exchange

Saudi Telecom Company announces the interim consolidated financial results for the period ending at 30.06.2012 (6 months). ( Cont 4 )

With regards to the business sector, Data circuits sales to the businesses grew by 54% in Q2 2012 compared to the same period last year. Internet Bandwidth usage increased by 63% during Q2 compared to same period last year. In addition, JAWAL Aamal sales increased by 42% in Q2 compared to same period last year, and a new QuikNet Aamal service was introduced during the quarter. STC signed several agreements during the quarter with important government ministries & agencies and business from the private sector, like, ministry of Health, ministry of education, General authority of civil aviation and Saudi post which should allow us to sustain the growth in the business sector.

With regards to international operations, STC group in Q2 2012 witnessed revenue growth of 57% in the controlled subsidiaries compared to Q2 2011 driven by continued subscriber additions in post-paid, pre-paid and wireless broadband. STC continues to expand its networks in India, Indonesia and South Africa, with the aim of attracting more customers, increasing market share and increasing revenues. Moreover, our affiliate companies VIVA Kuwait & VIVA Bahrain and Integral turned around to profit on the net income level during the 2nd quarter. This is a huge achievement and in record time as VIVA Kuwait & VIVA Bahrain started in these markets as a third operators and showcases STCs ability to integrate and extract synergies from these operations.

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