Viva announces sales of KWD94 million for 2011

15 May 2012

The Kuwaiti cellular operator Viva has reported revenues of KWD94 million (USD337 million) for 2011 and a net loss for the year of KWD14 million. The cellco, which recently announced that it had passed the one million subscriber milestone, says it now accounts for 20% of Kuwait’s mobile telephony market. Viva, which is backed by Saudi Telecom Company (STC), launched Kuwait’s third cellular network in December 2008, competing against more established players Zain and Wataniya (NMTC).

Kuwait, STC Kuwait (formerly Viva)