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| Sector | Industry |
Telecommunications |
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| Kuwait (10) |
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Contact Details
Address:
Olympia Complex, Viva Tower
15th Floor Arabian Gulf Street Salmiya P.O. Box 181 Kuwait City 22002 Al Assimah Kuwait Tel: +965 5567-0000 +965 5567-6000 Fax: +965 5567-6666 +965 5567-6715 Email:
info@viva.com.kw
Website:
www.viva.com.kw IPO Details
Subscription
Period:
24Aug08 to 18Sep08
Size of Offering:
$98.021M
Equity Offering:
50%
Lead
Managers:
Kuwait Clearing Company
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Business Overview
The Kuwait Telecom Company (KTC, Viva Kuwait) manages and operates a Shariah-compliant GSM mobile telecommunications network and provides Internet services, domestically.
KTC was the country’s third mobile operator, when the Saudi-based Saudi TelecomSaudi Telecom  Company (STC) won the bid for the KTC license in November 2007, for KWD248.7 million (USD 907.6 million).The company was established in June 2008, with a paid-up capital of KWD50 million (USD188 million) and commercially launched its services in December 2008. KTC underwent an IPO on the Kuwait Stock ExchangeKuwait Stock Exchange , in August 2008, offering 50% of its shares for public subscription to raise KWD26 million (USD98 million).
Competitors
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