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.-3

7010 · 18/01/2012 18:10:13 · Announcement #23783 · View on Saudi Exchange

Saudi Telecom Company announces the interim consolidated financial results for the year ending at 31.12.2011 (12 months). Cont.-3

With regards to STC Enterprise Business Unit serving the business sector, the unit experienced growth in post & pre-paid sales of 6 times the same period sales last year and an increase of 37% in data circuits sales compared to same period last year. In addition, the number of telephone lines has grown by more than 11%, and the Internet lines by more than 5%. Internationally, STC continues to achieve growth in the operations of subsidiaries & affiliate companies, revenues from international operations in 2011 increased by 10% compared to 2010. During Q4, VIVA Kuwait launched the 4G LTE technology with data speed of up to 100 Mb/s. VIVA Bahrain has successfully offered the latest Internet technology and started deploying 4G LTE network. In Indonesia, Axis has recently got the 3G frequencies which will contribute to the enhancement of its capabilities and services. The integration and synergy of the International Operations in its second consecutive year has successfully implemented its initiatives that aimed at establishing better levels of cooperation between the partners. Effective and active cooperation between the sister companies has remarkably contributed to reducing expenses of marketing, procurement and technology by hundreds of millions of dollars since the inception of the program.

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