Tuesday 9 February 2016
 
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Viva

STC to take majority control of Kuwait's Viva

Saudi Telecom Company (STC) will buy a further 25.8 percent of Viva for SR1.59 billion ($424 million), taking majority control of its affiliate following the close of a voluntary tender offer period for the Kuwaiti firm's shares.

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STC to take majority control of Kuwait's Viva

Saudi Telecom Company (STC) will buy a further 25.8 percent of Viva for SR1.59 billion ($424 million), taking majority control of its affiliate following the close of a voluntary tender offer period for the Kuwaiti firm's shares.

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Viva Kuwait Q4 net profit down 9pc

Viva Kuwait, currently the subject of a takeover offer from its main shareholder, reported a 9 percent fall in fourth-quarter profit on Sunday. The Saudi Telecom Company (STC) affiliate made a net profit of KD10.1 million ($33.26

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STC chief keen on 50pc stake in Kuwait's Viva

The chief executive of Saudi Telecom (STC) believes that owning 50 per cent of Kuwaiti affiliate Viva would be reasonable, he told Saudi-owned television channel Al Arabiya on Thursday. The kingdom's leading telecommunications

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Viva named official telecom partner of Bitex

Bahrain-based telecom operator Viva has been named the official telecom partner of Bahrain International Technology Exhibition (Bitex), one of the biggest events of information and communications industry on the island. The company will

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Kuwait's Viva says STC offer not fair

The board of Kuwait's Viva is advising shareholders that the pricing of a takeover offer from Saudi Telecom Company is not fair, but it is up to shareholders to decide whether to sell their shares, Viva said on Tuesday. Saudi

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Kuwait's Viva says STC offer not fair

The board of Kuwait's Viva is advising shareholders that the pricing of a takeover offer from Saudi Telecom Company is not fair, but it is up to shareholders to decide whether to sell their shares, Viva said on Tuesday. Saudi

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Viva Kuwait to discuss STC takeover offer

The board of Viva will meet on Sunday to discuss a takeover offer from its parent company Saudi Telecom Company (STC), according to a bourse filing from the Kuwaiti telecommunications firm. STC said last week it will offer KD1 ($3

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STC sets offer price for Kuwait Viva takeover

Saudi Telecom Company (STC) will offer 1 dinar ($3.30) per share to buy out other shareholders in its Kuwaiti affiliate Viva, the former monopoly said on Monday, amounting to a nine per cent discount to Viva's last closing price.

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STC wins Kuwaiti regulator's nod for Viva takeover

Kuwait's Capital Markets Authority (CMA) has approved Saudi Telecom Company's (STC) plan to acquire all the shares of its Kuwaiti affiliate Viva, the market regulator said on Sunday. CMA approval is pending certain conditi

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