KUWAIT CITY, April 28: Kuwait Telecommunications Company
(stc), a world-class digital leader providing innovative services and platforms to customers, enabling the digital transformation in Kuwait, announced its financial results for the three-month period ended 31 March 2021.
stc’s Chief Executive Officer, Eng. Maziad Bin Nasser Alharbi and stc’s Chairman, Dr. Mahmoud Ahmad Abdulrahman
On this occasion, Dr. Mahmoud Ahmad Abdulrahman – stc’s Chairman, stated: “
stc has demonstrated its resilience and viability in providing the best services and products to the individual and business sectors on a continuous basis, throughout the potential risks and critical economic conditions resulted from the continued global spread of COVID-19 pandemic. Accordingly, as the negative effects of COVID-19 continue to significantly hit most of the vital sectors worldwide,
Redirecting to Virgin Mobile s Middle East arm secures $20m for Kuwait launch q8dailynews.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from q8dailynews.com Daily Mail and Mail on Sunday newspapers.
Virgin Mobile Middle East and Africa to launch operations in Kuwait
0 Comments
Get daily business news from the region delivered straight to your inbox
I agree to the terms and conditions
SIGN UP
The company will launch its fully digital app-based proposition in Kuwait under the Virgin Mobile brand
by Zainab Mansoor
April 21, 2021
Virgin Mobile Middle East and Africa, the region mobile virtual network operator (MVNO), has announced its intent to launch in Kuwait.
The announcement follows the successful application for a business licence via a partnership with Kuwait Telecommunications Company (stc) to enable its operations, and secure debt and equity funding for the expansion.
SHARE
Virgin Mobile Middle East and Africa (VMMEA) secured $20 million in funding from investors including Kuwait-based Wafra Investment International and Impulse International to expand its operations in the country.
VMMEA and Kuwait Telecommunications Company, which is owned by Saudi Telecommunications Company, obtained a licence from Kuwait’s Communication and Information Technology Regulatory Authority last month. Under the brand name of Virgin Mobile Kuwait, it is expected to launch services in the fourth quarter of this year.
It will be the fourth service provider and the first mobile virtual network operator (MVNO) in Kuwait.
“We are thrilled to be launching in Kuwait … [it] will usher in a new era in connectivity and customer-led service,” Erik Dudman Nielsen, founder and chief executive of VMMEA, said.
stc continues to organize educational internship programs kuwaittimes.net - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from kuwaittimes.net Daily Mail and Mail on Sunday newspapers.