Saudi Telecom Co. — Interim / Quarterly Report 2012

Apr 18, 2012

Saudi Telecom Company announces the interim consolidated financial results for the period ending at 31.3.2012 (3 months) Cont. 2

7010 · 18/04/2012 16:11:24 · Announcement #25363 · View on Saudi Exchange

Saudi Telecom Company announces the interim consolidated financial results for the period ending at 31.3.2012 (3 months) Cont. 2

Domestic KSA revenues from mobile broadband services grew 145% in Q1 2012 to compared to the same period in 2011. This can be partially attributed to the growth in the number of domestic mobile subscribers which increased by 14% compared to the same period last year, as a result of the innovative packages and bundles that STC has introduced. In addition, the companys constant efforts to lead through investing in technology and innovative solutions, STC has continued to extend its 4G network and provide speeds of up to 100 MB/second, as well as to further enhance delivery of the Companys 42 MB/second service to 3G customers. These efforts have played an important role in this quarters growth in this segment. The Companys continued delivery of QUICKnet services and flexible bundle offers, designed to fulfil the needs of our customers has also contributed to this growth. Smart devices in particular played a significant role in this quarters performance. Fixed broadband customers increased 22% in Q1 2012, compared to Q1 2011. This can be attributed to the growth in the number of fiber to the home ("FTTH") service subscribers, and as a result to STCs investment in deploying FTTH domestically enabling the launch of current & new applications and to provide the platform for future advanced services. STC plans to connect 500,000 homes with Fiber by the end of 2012. This network enabled the increase in the number of subscribers to InVISION (STCs Interactive TV service) by 31% compared to Q4 2011. STC continuously seeks to differentiate itself through providing an integrated customer experience with tailored and high-quality, next generation services. Cont.

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