Zain - Kuwait

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Recent Articles

• Zain to aggressively target assets abroad4 December 2007

  Kuwaiti operator set to pursue growth strategy by buying assets in Middle East and Africa, analysts say.

• Zain plans to raise capital by 75%4 December 2007

  Kuwaiti telco set to increase liquidity to help fund growth strategy.

• Zain acquires Iraqi rival for $1.2 billion3 December 2007

  Kuwaiti operator enters Iraqi market with acquisition of Iraqna

• Zain to fund expansion with $4.4bn share sale2 December 2007

  Telecom plans to raise capital by 75% for expansion in Africa and the Middle East.

• Zain buys Iraqna for $1.2bn1 December 2007

  Purchase gives MTC Atheer Iraq customer base of more than seven million as Orascom exits country.

• Zain to swoop on European market21 November 2007

  Kuwait's incumbent telco signals intention to enter Europe.

• Zain wants Europe telco buyout in 200820 November 2007

  Kuwaiti telecom says wants to make acquisition in Europe as early as next year, may sell more shares soon.

• GCC governments holding back privatisation19 November 2007

  LEADERS IN DUBAI: Gulf governments are stifling economic development, according to senior executives.

• Kuwait telco Zain Q3 profit jumps to $312mn13 November 2007

  Third-biggest Arab telecom firm says third-quarter profit rose 7.1% to 87 million Kuwaiti dinars

• Zain mulls capital increase11 November 2007

  Kuwaiti telecom considering move among number of options to finance expansion.

• H108 launch for Zain's Saudi operations4 November 2007

  Zain aiming for first half of next year to launch operations; no price war with STC or Mobily says CEO

• Zain CEO calls for ‘business UN’29 October 2007

  Al Barrak suggests global body to manage world economy free of political agendas

• Zain pays $120mn for Ghana telco22 October 2007

  Second-largest Arab operator to buy 75% of Western Telesystems from the Ghanaian gov't.

• Zain joins campaign against market reforms10 October 2007

  Kuwait's largest publicly traded company urges exchange to retract latest investment rules.

• Kuwait's Kharafi raises stake in Zain2 October 2007

  Family-owned conglomerate now controls over 9.5% of second largest Arab telecom firm.

• Nationwide wireless broadband rolled out in Bahrain30 September 2007

  Operator Zain launches Wimax to give users wireless internet access anywhere.

• Kuwait's Kharafi raises Zain stake26 September 2007

  Family-owned conglomerate increases share in telecom operator to 9.46% from 9.27% previously.

• Kuwait sets Nov 18 mobile deadline23 September 2007

  A 26% stake in country's third mobile firm will go to highest offer in single bidding round.

• Zain to move to Bahrain19 September 2007

  Regional telco giant eschews Amsterdam and Dubai in favour of Bahrain for new international HQ.

• Kuwait setback as Zain opts for Bahrain18 September 2007

  Decision to move international operations HQ next year is a 'slap in the face' for Kuwait, says analyst.

• Seven proceed in Qatar licence auction18 September 2007

  Etisalat, Batelco and Zain all remain in the running for country's second mobile phone licence.

• Etisalat, Zain bid for Qatar licence17 September 2007

  Results of the auction for Qatar's second mobile phone licence are expected in four weeks.

• Kharafi unit ups MTC stake12 September 2007

  Kuwaiti group buys more shares in telco through Al-Khair National for Stocks and Real Estate.

• MTC rebrands as Zain9 September 2007

  New identity will propel the group forward in its goal to become one of the top ten global mobile operators, says Al Barrak.

• MTC signs $7.4bn Islamic loans6 September 2007

  Kuwaiti telco signs two Islamic loans to help pay for licence it won to operate Saudi Arabian mobile network.