Kuwait-Mubasher: Viva was able to expand its market share while increasing the customer base by 2% to reach 2.5 million subscribers in 2015, according to CEO Salman Bin Abdul Aziz Al-Badran.
“Viva was able to maintain its position as the second largest telecom operator in the Kuwaiti market in term of subscribers and revenues, which positively affected the company's financial performance,” the CEO said according to a press statement.
The company’s total revenues reached KWD 277 million which represented a strong growth of 16% compared to the same period in 2014, added Al-Badran.
"Viva's performance continued to be steady and strong which enhanced the company's main financial indicators, and increased its customer base. This has positively affected free cash flow, which has reached KWD 32 million in 2015, reflecting a growth of 67%, compared to 2014", said Viva's Chief Financial Officer Abdulaziz Abdullah Al Qatie.
