Sydney, May 06, 2022 (GLOBE NEWSWIRE) -- Just released, this edition of BuddeComm report outlines the latest developments and key trends in the telecoms markets. - https://www.budde.com.au/Research/Kuwait-Telecoms-Mobile-and-Broadband-Statistics-and-Analyses/?utm_source=GNW
As in several other oil-dependent countries in the region, the government is looking to wean the economy away from oil and gas and to focus on ICT and knowledge-based services.Achieving this is part of the reasoning behind the ambitious Kuwait Vision 2035 program, which has numerous parts affecting many sectors of society and the economy. Among them is the development of smart cities in the north of the country, the construction of which will carry on through to the end of the decade. New construction contracts generally specify a range of installations to create smart networks, while fibre networks currently being deployed are closely tied to efforts to widen the scope of smart city developments, and so ensure that new projects are provided with infrastructure capable of supporting smart concepts and applications. 5G plays an important part of the basic infrastructure required for these plans.
Key developments:
- STC Kuwait launches 5G standalone services;
- FASTtelco launches 200Mb/s fibre broadband service;
- stc Kuwait launches Quick Pay digital payment channel aimed at business users;
- Telecom regulator supporting infrastructure sharing in Kuwait;
- Kuwait noted as having the fastest 5G download rates in the region;
- Improvements to fibre-broadband infrastructure continue;
- Report update includes the regulator's market data updates, telcos' financial and operating data to Q4 2021, updated Telecom Maturity Index charts and analyses, assessment of the global impact of the pandemic on the telecoms sector, recent market developments.
Companies covered in this report include:
Mobile Telecommunications Co (MTC) / Zain, Ooredoo Kuwait, STC (Formerly Kuwait Telecom Company (KTC) / Viva).
Read the full report: https://www.budde.com.au/Research/Kuwait-Telecoms-Mobile-and-Broadband-Statistics-and-Analyses/?utm_source=GNW
