Viva Kuwait posts USD133m annual net profit

Viva Kuwait, a subsidiary of Saudi Telecom Company, has reported net profit for full-year 2017 of KWD40.0 million (USD133.2 million), displaying steady financial performance following its KWD39.8 million profit in 2016, although the mobile operator’s annual revenues slipped slightly, by around KWD1 million to KWD278 million. Viva Kuwait – the country’s youngest cellco having launched its mobile network in December 2008 – also claimed that its customer base stood at ‘2.3 million’ at 31 December 2017, which would place it virtually neck-and-neck with Qatari-backed Ooredoo Kuwait, vying for second place in a closely competitive mobile sector behind domestically-owned market leader Zain Kuwait.