Kuwait – Mubasher: Ooredoo Kuwait said that the company will have a limited impact from the decision made by Kuwait’s Communication and Information Technology Regulatory Authority (CITRA) for decreasing the value of ADSL subscriptions, according to a bourse filing issued on Thursday.
The new ADSL subscription prices will negatively affect the retail revenue of the subsidiary, FASTtelco, by about 10% to 40%, while this impact will be hardly seen in Ooredoo’s business activity.
On the stock level, Ooerdoo ended Thursday’s session higher with 3.45% to KWD 1.2, after nearly 19,900 shares were traded at a value of approximately KWD 23,800.
