VIVA today announced that they’ve rebranded to STC in Kuwait. This was expected to happen after the Saudi Telecom Company purchased a majority stake in Viva back in 2016.
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2:48AM - Entertaining Kuwait since 2003
10 replies on “VIVA is Now STC”
So Viva is Saudi, Zain is Omani, and Ooredoo is Qatari
Zain is Omani? When did that happen
Majority share holders are the Kuwait Investment Authority, as mentioned by Sha. Second are are Oman
Doesn’t really matter, Omantel controls the board with 5 out of 9 seats.
What you mean
It mean viva will be stc company
This what happens when businessmen are appointed in the government without clear guidance or proper leadership.
Why bother with the general public when you can make money directly from oil revenues? (Ie, divert oil revenue to Kuwait Investment Authority, then have KIA inject that money into the businessmen pockets directly). This has created vacancy in the market that foreign businesses are taking over.
Zain is still mainly owned by Kuwait Investment Authority.
LOL why……..
Wasn’t there reports of a 4th network coming? What happened with that?
I don’t believe the market is large enough to handle 4 players. We might soon have mobile virtual network operators instead though, similar to what occurred in Oman, Saudi Arabia, and Jordan.