stc participates in virtual Digital Leadership Summit - MENA

Shared insights on the growth opportunities stc and solutions by stc has to offer through diverse connectivity technologies and ecosystems

  
stc participates in virtual Digital Leadership Summit - MENA

Kuwait:Kuwait Telecommunications Companystc, a world-class digital leader providing innovative services and platforms to customers, enabling the digital transformation in Kuwait, announced its participation in the virtual Digital Leadership Summit – MENA, organized by TM Forum, an alliance of over 850 global companies working together to break down technology and cultural barriers between digital service providers, technology suppliers, consultancies, and system integrators. The summit aimed at sharing insights on the different growth opportunities operators in the Middle East, and other regions around the world, are exploring to create new value and sustainable growth for customers through connectivity solutions.

stc released a statement highlighting its participation in the “Successfully operationalizing the enterprise opportunity” panel, where Anoud Muthaib, General Manager of Strategy & Marketing at solutions by stc, the specialized business arm of Kuwait Telecommunications Company – stc, added to the discussion by highlighting some of the favorable developments and opportunities available in the market. Throughout the panel discussion, Muthaib focused on some of the key points that have transformed the services offered by the Company to meet the diverse needs of customers. These progressive steps also reflect stc’s business model and strategy  to introduce and capitalize on the latest technologies to radically transform the telecom industry through pioneering digital solutions.

The panel discussion covered the strategic direction taken by stc throughout the past couple of years to invest in and develop a strong 5G infrastructure and network. Since then, the Company had been exploring innovative ways to monetize its 5G infrastructure through advanced Business Support Systems, including upgrading to the Huawei Convergent Billing System. The upgraded system enabled solutions bystc to pursue multi-dimensional capabilities in monetizing its solutions, ranging from connectivity to service segments such as Slice SLA’s, Support Service Levels, as well as leveraging data aggregation for AI and cloud storage. These functions are expected to provide a competitive advantage in the local and regional markets. The new technologies are expected to enable the multi-facted monetization of capabilities including connectivity speed, latency, slice SLA, high-value content, edge charging and AI processing.

In terms of the 5G evolution to Stand Alone (SA), Muthaib emphasized that the new core architecture opens the door to new monetizing and development opportunities for various business models, promoting CPS progress in the 5G enterprise value chain going beyond connectivity. The possibility cases of the 5G SA network through stc provide low latency, massive connectivity capabilities and enhanced services. This in return enables solutions by stc, the Company’s business arm, the capacity to introduce new and innovative services to enterprise customers. 5G SA serves as a vital ingredient in accelerating and maximizing monetization by expanding the offering line and introducing new-to-market services. Virtual reality (VR), Intelligent Analytic Services through AI, mobility solutions that enable smart vehicle applications, in addition to other transformative services have been launched by solutions by stc due to 5G SA’s low latency, higher uplink, and downlink abilities.

Another vital topic discussed during the panel was the impact of empowering Multi-access Edge Computing (MEC) deployment to enhance application performance under the network. 5G SA will enable solutions by stc to become both Cloud-Native and Edge Native. This transition will allow service aggregation near the premises of enterprise customers, helping them realize use cases such as enterprise campus, industrial control, and massive IoT for a well rounded and enhanced experience. 

Commenting on its role in the summit, stc indicated that the highly valued event served as a platform to showcase the ongoing developments in the industry, while exploring the various technologies that are shaping the digital solutions and telecom sectors. With 5G playing a major role in enabling digital transformation across various sectors, stc will continue to enhance and develop its 5G network, an initiative that also coincides with Kuwait’s 2035 vision. As for its business arm, solutions by stc has been progressing within the value chain from “just connectivity” to “ICT solutions” for its enterprise customers. This supports the launch of distinctive services like 5G DDA, 5G VSaaS, and 5G LiveBus, leveraging on the key future savvy attributes of stc’s world class network and IT infrastructure.

Ends

About stc

Kuwait Telecommunications Company (stc) is a Kuwaiti shareholding company incorporated pursuant to Amiri Decree No. 187 on 22 July, 2008, to operate and manage the third GSM mobile network in Kuwait as per Law No. 2 of 2007. Accordingly, stc launched its operations in December 2008 and was listed on Boursa Kuwait in December 2014. It is a world-class digital leader providing innovative services and platforms to customers and enabling the digital transformation in Kuwait, and is a subsidiary of stc Group. stc has rapidly reached a leadership stance in the market through its customer and employee centric strategy.

stc offers an innovative range of world-class products, services and solutions with high quality, that cater to the customers’ needs and demands, both for individuals and enterprises (solutions by stc). In 2019, stc acquired 100% of the share capital of the Internet Service Provider, Qualitynet General Trading and Contracting Company (solutions by stc) in Kuwait.

stc offers high internet speeds due to the implementation of the most advanced 5G network and deployment of the largest network nationwide.

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