26-04-2025
stc ranked the 3rd strongest telco brand in the world by Brand Finance
KUWAIT CITY, Apr 26: Kuwait Telecommunications Company – stc, a world-class digital leader providing innovative services and platforms to customers, enabling the digital transformation in Kuwait, has been ranked as the 3rd strongest telco brand in the world, while maintaining its ranking as the most valuable telco brand in the Middle East. According to the Brand Finance's latest 'Telecoms 150' Report, stc was also ranked as the 9th most valuable telco brand globally.
Developed by Brand Finance, the world's leading independent brand valuation consultancy, the Telecom 150 Report is a dedicated industry ranking that assesses the world's top 150 strongest telecoms brands. Utilizing the Brand Strength Index (BSI), the 'Strongest Telecom Brand' ranking evaluates key factors such as resilience, customer perception, and the depth of a brand's relationship with its audience.
The report highlighted stc Group's outstanding performance, which saw a notable 16% growth in brand value in 2024, reaching USD16.1 billion. The growth is mainly attributed to the Masterbrand strategy implemented by stc Group, where it extended the brand into new categories such as banking, cybersecurity, and the development of B2B and IT offerings through strategic M&A initiatives.
In 2024, stc Kuwait demonstrated its unwavering commitment to digital transformation and operational excellence, achieving several key milestones, mainly;
- stc Kuwait successfully tested 10Gbps using the 6GHz IMT frequency spectrum trial, marking a first in Kuwait
- stc Kuwait upgraded from the Main Market to the Premier Market in Boursa Kuwait, reinforcing its commitment to governance and investor confidence.
- stc Kuwait signed an MoU with Huawei to develop 5.5G intelligent wireless networks and incubate new services for both consumer and business sectors, enhancing network performance, efficiency, and innovation.
- stc Kuwaitlaunched the first 5G RedCap Fixed Wireless Access in the Middle East, showcasing its commitment to technological leadership.
- stc Kuwaitexpanded its business solutions with new multi-tenant SIEM services targeting SMEs.
- stc Kuwaitcompleted a PoC for a new long-range microwave technology, enabling high-capacity backhauling of up to 5Gbps over 8 kilometers.
- stc Kuwaitintroduced 'youth from stc,' exclusive telecom plans tailored for young customers in Kuwait
- stc Kuwait successfully maintained its ISO certifications, including ISO 9001:2015, ISO 14001:2015, ISO 27001:2022, ISO 20000-1:2018, ISO 22301:2019, and ISO 31000:2018
- stc Kuwait partnered with HomeWagon to introduce innovative smart home solutions.
- stcKuwait signed a strategic contract with the Ministry of Electricity, Water & Renewable Energy (MEW) to supply Smart Electricity Meter solutions
- stcKuwait was ranked the #1 ideal employer for engineers and IT professionals in Kuwait by Universum's research.
- stc Kuwait signed a final contract with CITRA for the allocation of a 5,698.5 square meter area to serve as its new administrative headquarters in Kuwait City, Al-Mirqab Area.
In terms of corporate social responsibility and sustainability, stc Kuwaitcontinued to implement its extensive agenda with active campaign throughout the year initiated under various campaigns. The Company focused on its core pillars under CSR and sustainability which included areas such as education, environmental sustainability, sports, health, youth empowerment, and entrepreneurship. Additionally, the Company enhanced its existing campaigns, which included 'weyak' – that aims at supporting young entrepreneurs and startups, and the educational 'upgrade' initiative – that aims at empowering youth and supporting the education initiatives.
Due to these remarkable achievements, as well as other successful accomplishments witnessed throughout the year, stc Kuwait received numerous reputable awards. These recognitions were awarded to stc Kuwait on both regional and international platforms, recognizing the Company's excellence across all fronts.
