Wednesday, 25 November 2009 | 14:41 UAE time
COMPANIES
National Mobile Telecommunications Company - Kuwait
- 1,540.00 Last
- 0.00 (0.00%) Today's Change
- 130,000 Volume
- 1,200.00-1,980.00 52 Week Range
- -140.00 (-8.33%) 52 Week Change
COMPANY DESCRIPTION
National Mobile Telecommunications Co (Wataniya) was commercially launched in 1999 as the first privately owned operator in Kuwait. In March 2007, Qatar Telecom (Qtel) acquired 51 percent of Wataniya Telecom shares from Kuwait Projects Company Holding (KIPCO) group.Wataniya has been a force in increasing the mobile market penetration in Kuwait (which currently stands at over 93 percent) and has expanded into the MENA & Asia regions, driving operations in Kuwait, Maldives, Saudi Arabia, Tunisia, Algeria and in 2007 in Palestine.
Wataniya Telecom’s first investment outside Kuwait was in 2002, with the acquisition of a 50 percent stake in the Tunisian operator Tunisiana. The regional expansion was followed in 2003 when it won a licence to operate a mobile network in Algeria.
Earlier this month, the company unveiled its Maxpress initiative, allowing customers to use their monthly usage to earn additional credits which can be used the following month.
KEY INFORMATION
Industry
Internet Service Providers, Mobile Network Operators
Address
Wataniya Tower, Ahmad Al Jaber Street, 613 , Kuwait City, Kuwait
T
965 805555
F
965 2423369
E
W
COMPANY OVERVIEW
| Ownership | Type | Established on | Employees |
|---|---|---|---|
| Public | Joint stock | 10 October 1997 | - |
MAJOR SHAREHOLDERS
| Name | Country | ||
|---|---|---|---|
| Qatar Telecom | companies | 51 | Qatar |
| Kuwait Investment Authority | companies | 23.54 | Kuwait |
PORTFOLIO
| Name | Country |
|---|---|
| Orascom Telecom Tunisie | Tunisia |
| Public Telecommunications Company | Saudi Arabia |
| WARF Telecom International | Maldives |
| Wataniya International | UAE |
| Wataniya Palestine Mobile Telecommunications Company | Palestine |
| Wataniya Telecom Algérie | Algeria |
| National Mobile Telecommunications Company - Maldives | Maldives |
| United Networks | Kuwait |
OFFICERS
| BOARD OF DIRECTORS | Position |
|---|---|
| Abdullah Bin Mohammed Bin Saud Al Thani | Chairman |
| Mohammed Bin Suhaim Al Thani | Vice Chairman |
| Nasser Bin Mohammed Marafih | Board Member |
| Ali Shareef Al Emadi | Board Member |
| Waleed Abdulla Al Roudhan | Board Member |
| Fahad Othman Al Saed | Board Member |
| Rashed Al Mijrin Al Roumi | Board Member |
| MANAGEMENT | Position |
| Scott Gegenheimer | Chief Executive Officer and General Manager |
| V. Sriramachandran | Chief Financial Officer |
| Francesco Ricotta | Chief Technical Officer |
| Leif Niklas Mikael Sonkin | Chief Strategy Officer and Business to Business Director |
MOST POPULAR NEWS STORIES
LATEST FINANCIAL JOBS
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Information correct at the time of publishing. If you are a representative of this company and want to update the details, please email updated information to financials@itp.com providing your name, designation and contact details.
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