Telecom Lead Middle East: Saudi Telecom Group has
appointed Krishnan Ravi as Group CEO International Operations.
Krishnan Ravi, who joined the Saudi Telecom Group in last
July, will replace Ghassan Hasbani.
Saudi Telecom on Monday said it accepted the resignation
of Ghassan Hasbani.
Krishnan Ravi has around 25 years of experience gained at
senior positions at a number of international companies.
The Group Chief Executive Khaled Al Ghoneim said that these management changes
are part of a comprehensive strategy adopted by Saudi Telecom Group addressing
its vision of keeping pace with the fast and accelerating changes in the
telecommunications and information technology industry worldwide.
The Group’s management Transformation Program is designed to take the Group
forward to a next phase of continuing to build on past achievements by focusing
on customer service, building internal capabilities, and regional growth plans.
Saudi Telecom is also simultaneously building a clear and
strong platform for a renewed launch towards leadership, with a responsible
vision of the challenges facing it, utilizing more mature approach and advanced
tools and the ability to change, improve performance and productivity, which
will reflect on increased profitability, better return on investment for
shareholders and enhanced competitiveness for the group, locally and
Saudi Telecom posts quarterly revenue of SR14.7 billion
Recently, Saudi Telecom reported quarterly revenue of
SR14.7 billion, up from SR13.1 billion in the corresponding period of 2011. The
company posted 60 percent increase in first-quarter net profit. The mobile
operator said revenue from its mobile, fixed line, corporate and wholesale
divisions rose. Saudi Telecom has reported a profit of SR2.52 billion ($672
million) in the three months to March 31, up from SR1.57 billion in the