Kuwait Telecom Market - Growth, Trends, Covid-19 Impact, and Forecasts (2023 - 2028)
The Kuwait telecom market is expected to grow at a CAGR of 6.5% over the next five years. The telecom industry in Kuwait has expanded to a significant level, with a particular emphasis on mobile infrastructure and services. The importance of the telecommunications industry to the nation's economy is expected to increase in the next few years.
Key HighlightsThe Kuwait telecom market is consolidated, with few players capturing a significant market share. Some major players in the market are Mobile Telecommunications Company (Zain Kuwait), Wataniya Telecom (Ooredoo Kuwait), Kuwait Telecommunications Company (STC Kuwait), and other fixed-line service providers.
In August 2022, Ooredoo Kuwait notified of the opening of three brand new stores. The expansion of Ooredoo's presence in Kuwait is a component of the company's goal to give all its customers easily accessible, personalized services that would improve their telecom experience.
In July 2022, Kuwait Telecommunications Company (STC) announced the deployment of a fully converged core 5GC network in the country. With this news, new avenues have been opened, new services will be available to clients, and businesses will have more chances to provide cutting-edge customer care. The company's ability to serve clients considering a path of digital transformation has been expanded thanks to the converged core solution implemented by STC Kuwait.
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