Zain - Kuwait

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Recent Articles

• MTC's Celtel gets $320mn loan14 June 2007

  World Bank arm arranges financing package for African mobile operator to upgrade networks.

• Kuwait clears MTC in trading probe13 June 2007

  Stock exchange says probe into record trading volume found 'nothing against the law.'

• Saudi MTC to sell 40% of shares11 June 2007

  Saudi Arabia's third mobile firm wins $6.11bn licence bid, will sell 40% of shares to public.

• Saudi talks to buy MTC stake postponed11 June 2007

  Disagreement over pricing prompts postponement of deal by an unidentified Saudi investor.

• Mobitel enters US$363 million funding agreement3 June 2007

  Kuwait-based MTC Group has inked a US$363.3 million development deal for its Sudanese venture Mobitel.

• MTC may bid for Qatar cell licence2 June 2007

  Kuwait's telecoms giant has said it is interested in bidding for Qatar's second mobile phone licence.

• Lebanon TRA unveils licensing plans28 May 2007

  The country's telecoms regulator claims it will issue licences before the end of the year.

• MTC borrows $362m to expand Sudan network27 May 2007

  MTC will use murabaha facility to expand Mobitel network across 80% of Sudan.

• MTC denies Celtel sale rumour26 May 2007

  Kuwaiti mobile firm denies report it is in talks to sell part of its Celtel unit.

• MTC closes Celtel deal17 May 2007

  Mobile Telecommunications Company (MTC) last week completed its acquisition of African telecoms giant Celtel.

• Expanding its reach17 May 2007

  The recent announcement of three new fixed-line players in the Saudi Arabian telecoms market gave Bahrain's Batelco another chance to drive forward its growth plans under CEO Peter Kaliaropoulos. He speaks to Ronan Shields about the moves the firm is making.

• Kuwait bourse ends MTC probe9 May 2007

  Decision on MTC probe is expected within 10 days.

• Kuwait bourse draws Kharafi Group into MTC probe7 May 2007

  A unit of the conglomerate has been asked to co-operate in the record trading inquiry.

• MTC shares reverse early loss2 May 2007

  Kuwaiti telecoms company reversed early losses today after reporting slow profit growth.

• GCC telcos ring up solid profits in 1Q071 May 2007

  Earnings growth remains strong despite high market valuations.

• Kuwaiti bourse probes MTC shares24 April 2007

  Unusually active trading in the telecoms company has prompted an investigation.

• Kuwait bourse continues probe into MTC trading22 April 2007

  The country's stock exchange saw a record number of shares in the telecoms company last week, provoking investigations.

• Kuwait's MTC shares suspended pending report15 April 2007

  The Kuwait stock exchange has halted trading in shares of Mobile Telecommunications pending clarification of a newspaper report.

• Revealed: Gulf's most admired companies14 April 2007

  Arabian Business has published its '50 Most Admired' list of regional companies.

• Kuwait's MTC in Iraq phone licence talks14 April 2007

  Mobile Telecommunications Co. seeks a long-term mobile phone licence, says its MD.

• Moto accelerates MTC data services5 April 2007

  MTC Kuwait is deploying Motorola's Global Applications Management Architecture (GAMA) solution to optimise the speed of data services on its network.

• Orascom and MTNL lose their way in Saudi licence bid1 April 2007

  Saudi Arabia's Communications and Information Technology Commission (CITC) has short-listed seven bidders for the next stage of the kingdom's process to award a third GSM licence.

• First ever Lebanese TRA penned in for spring launch1 April 2007

  Regulator is believed to be a precursor to further liberalisation.

• MTC Group tops Saudi bid with UD$6.12 billion offer1 April 2007

  The operator expects to launch in the kingdom early in 2008.

• MTC set to claim third Saudi mobile licence29 March 2007

  Kuwait's Mobile Telecommunications Company (MTC) looks set to become Saudi Arabia's third mobile operator after placing the highest bid for the licence.