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. 3

7010 · 18/04/2012 16:11:10 · Announcement #25368 · View on Saudi Exchange

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

STC also witnessed sound performance in the enterprise segment. Revenues from this segment increased 24% in Q1 2012 compared to the same quarter of 2011. This can be attributed to a number of factors. The number of Dedicated Internet Access (DIA) subscribers grew by more than 26% in Q1 2012, the number of Protocol-Virtual Private Networks (IP-VPN) have also increased by more than 21% in Q1 2012 compared to the same period a year ago. In addition, the Company has continued to invest in infrastructure. Internet capacity grew more than 60% in the first quarter, compared to the same period in 2011. At the international level, STCs subsidiaries and affiliate companies continue to grow driven by continued subscriber additions. STCs subscriber base now includes more than 160 million subscribers globally. STC continues to expand its networks in India, Indonesia and South Africa, with the aim of attracting more customers, increasing market share, increasing revenues while maintaining profitability.

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