Zain - Kuwait

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Recent Articles

• MTC to use new brand name4 September 2007

  Kuwait's Mobile Telecommunications Company will be known under new brand name Zain from Sunday.

• MTC says expansion to weigh on profit4 September 2007

  Kuwaiti telco expects income growth to slow to zero this year as it invests in regional expansion.

• MTC scores hat-trick at CommsMEA awards2 September 2007

  Company chief executive Saad Al Barrak picks up Lifetime Achievement award.

• Kuwait gov't fights to keep MTC at home31 August 2007

  Acting communications minister opposes mobile operator's plans to move its headquarters out of Kuwait.

• Bahrain claims victory on MTC move29 August 2007

  Kuwait's mobile telecom giant is planning to shift its headquarters to Bahrain, according to reports.

• Kuwait red tape is strangling business29 August 2007

  Economic experts warn that MTC's flight from Kuwait could be the start of a catastrophic trend.

• MTC to quit Kuwait due to investor laws29 August 2007

  Deputy chairman quoted as saying Kuwait 'repels' investment, laws 'not good for financial hub'.

• MTC mulls Kuwait exit28 August 2007

  Second largest Arab telecom operator plans to move headquarters to either Bahrain, Dubai or Amsterdam.

• Huge boost to Iraqi mobile coverage predicted23 August 2007

  Communications minister says new licences will improve networks dramatically.

• Iraq announces mobile winners18 August 2007

  Licences were awarded to MTC, Asiacell and Korek on Friday in a $3.75bn auction in the Jordanian capital.

• Arab telecom giants vie for Iraqi licences16 August 2007

  UPDATE 11am: Iraq sets $300mn as the starting price in today's auction of three 15-year mobile licences.

• Kharafi raises MTC stake12 August 2007

  Kuwaiti group raises stake and shifts shares in telecom operator to another unit.

• MTC Kuwait hands Motorola network upgrade9 August 2007

  Motorola to help operator expand its HSDPA network, and deploy HSUPA technology in Kuwait.

• MTC to invest in Congo Republic7 August 2007

  Kuwaiti telecom plans to invest up to $484mn in the central African country over the next five years.

• Kuwait extends third mobile bids4 August 2007

  Bidding for a stake in country's planned third mobile phone operator has been extended by one month.

• Kuwait telco deadline extended1 August 2007

  The deadline for companies interested in investing in Kuwait's third mobile operator has been extended to August 7.

• Saudi investor could take MTC stake September28 July 2007

  Newspaper says a Saudi investor is likely to take a stake of at least 10% in Kuwait's MTC.

• MTC in $320mn Africa loan24 July 2007

  Kuwaiti mobile firm will borrow from the IFC and other institutions to finance expansion in Africa.

• MTC denies European takeover speculation14 July 2007

  The Kuwaiti telecoms giant has denied rumours it is to be the subject of a large European takeover bid.

• Wheels in motion for Kuwait's third mobile operator9 July 2007

  The committee responsible for the formation of Kuwait's third cellular operator has invited expressions of interest from firms.

• Kuwait invites bids for 3rd mobile firm9 July 2007

  Companies are invited to express interest in a 26% stake of the country's third mobile phone company.

• MTC eyes Algerie Telecom stake7 July 2007

  Kuwait's MTC is considering a bid for a stake in the Algerian state-run telecoms firm.

• Qatar names mobile shortlist2 July 2007

  12 firms have been named eligible to bid for the country's second mobile licence.

• Kuwait's third mobile firm to sell 76% stake21 June 2007

  Government plans to offer 50% through an IPO and to sell a 26% stake direct to investors.

• Kharafi won't act alone on MTC sale17 June 2007

  Group says any sale of MTC will be alongside other investors.