Saudi Telecom Co. — Interim / Quarterly Report 2011

Jan 18, 2012

Saudi Telecom Company announces the interim consolidated financial results for the year ending at 31.12.2011 (12 months). Cont.-2

7010 · 18/01/2012 18:11:12 · Announcement #23780 · View on Saudi Exchange

Saudi Telecom Company announces the interim consolidated financial results for the year ending at 31.12.2011 (12 months). Cont.-2

Locally, revenues from wireless broadband services in Q4 2011 increased by 126% over the same period of 2010, while total revenues from wireless broadband in 2011 surged by 131% year on year. This comes as a result of the companys deployment of its most advanced 4G networks to provide high speed wireless internet of up to 100 Mb/s in 7 major cities during the first phase, in addition to providing speeds of up to 42 Mb/s to advance the current 3G networks. STCs 3G networks now cover 92% of populated areas and highways, an increase of 50% over the previous year. As a result, wireless broadband customers & revenues increased by more than 100%. Broadband revenues were also driven by STCs popular QuickNet services supported by a continuous range of flexible packages to meet all customer needs. In addition, smart phones, lab tops and tablets offered by STC have all contributed to this growth, STC currently offers more than 20 of the most advanced devices some of those with exclusivity.With regards to fixed broadband, customers grew by 5% in Q4 over Q3 2011 and 28% compared to 2010. The company has also achieved a growth rate of 35% % in terms of the number of "FTTH" service subscribers for Q4 compared to Q3 2011.With regards to wholesale, STC illustrated its leadership both locally and regionally through various accomplishments during 2011 including the completion of four continental and international cables which STC owns shares in these cable companies. STC also own a major share in one of the largest submarine cable companies in the region which supplies continental and regional submarine cables, and participates in more than 10 cables passing through the region, in addition to its ownership of capacities in many other cables throughout the area. Cont

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