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عربي

Kuwait Telecom Company

  
Also known as: KTC, VIVA
 
 
 
 
 
 
 
 
 
 
Updated: Mar 10, 2011
 
 
 
Country

Kuwait

Ownership Type
Company Type
Joint Stock
 
 
 
 
Principal Activities
Operates and manages GSM mobile telecommunications network according to the laws of Shariah; provides Internet services.
 
Date of Establishment Year
2008 (June)
 
No of Employees
500 Company, N/A Headquarters (As of Mar 05, 2011)
 
Brands
VIVA
 
Branches
Kuwait (10)    
 
 
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
 
 
 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 TelecomLoading... 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 ExchangeLoading..., in August 2008, offering 50% of its shares for public subscription to raise KWD26 million (USD98 million).
 
 
Zawya Industry Benchmarks  Yr 2009  Yr 2010  Change (%)
No of Mobile Subscribers 460,000  800,000  73.91 
 
 
 Major Shareholders   
Name   Type  Country  Holding 
Saudi Telecom Company  Corporate Saudi Arabia 26.00% 
Kuwait Investment Authority  Government Kuwait 6.00% 
The Public Institution for Social Security  Government Kuwait 6.00% 
Zakat House  Government Kuwait 4.00% 
Public Authority for Minors Affairs  Government Kuwait 4.00% 
Kuwait Awqaf Public Foundation  Government Kuwait 4.00% 
Kuwaiti investors   - 50.00% 
 
 
 Direct Investments and Related Entities 
Supervising Authority
Name  Country  Holding 
Ministry of Communications - Kuwait Kuwait -
 
 
 Competitors
 
 
 Financial Results  31-Dec-09  31-Dec-10   Yr on Yr 
  KWD'000 KWD'000 change (%)
Paid-up capital 50,000 50,000 0.00
 
 
 
 
 
 
 

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