Zain - Kuwait

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Recent Articles

• Zain Bahrain plans region’s first LTE network12 August 2009

  NSN wins contract for the LTE upgrade of Zain Bahrain’s network

• Zain Saudi Arabia seals $2.5bn loan11 August 2009

  Facility to be used to repay existing Murabaha, as well as fund network expansion and future growth.

• Egypt's Mobinil Q2 net jumps 26%, beats forecasts28 July 2009

  UPDATE 2: Egyptian mobile operator adds a further 1.674m customers in Q2.

• KIA may consider Zain stake sale 27 July 2009

  Report says Kuwait's sovereign wealth fund would look at serious offers providing an attractive return.

• Kuwait's Zain Q2 net up 5.5% as subs rise21 July 2009

  CEO, citing improving currency stability in the firm's African ops, expects an even better second half.

• Etisalat eyes 51% stake in Kuwait's Zain21 July 2009

  Jamal al-Jarwan says the telecom firm is keen on Zain stake at the right price.

• Vivendi breaks Zain talks over Africa assets20 July 2009

  UPDATE 4: Kuwaiti telco still conducting strategic review, other parties said interested.

• Zain Ghana gains $160 million funding16 July 2009

  IFC provides funds for the expansion of Zain’s mobile network throughout Ghana

• Vivendi seeks $6.26bn loan for Zain buy10 July 2009

  French media and telecoms giant's syndicated loan to be refinanced via bond, equity issues.

• Emirates NBD drags Dubai index to 7-week low9 July 2009

  UPDATE 4: Emirates NBD falls 2.1 percent, taking its losses to six percent.

• Zain in early talks on Africa ops stake sale8 July 2009

  UPDATE 2: CEO says Kuwaiti mobile operator in early stake sale talks regarding African ops, but denies Vivendi deal.

• Vivendi chief declines comment on possible Zain bid 4 July 2009

  No comment follows media reports Zain is looking to offload its African division.

• Iran strips Zain of mobile licence - report4 July 2009

  Iran government says Kuwait-based telecoms co failed to 'fulfil its obligations'.

• Zain mulling $10bn sale of Africa unit - sources30 June 2009

  Kuwaiti telco may sanction sale of all or part of unit after review has been completed.

• Zain, Western Union in money transfer services deal23 June 2009

  Mobile money transfer services on offer through Zap platform of Kuwait's Zain.

• Kuwait's Zain renewing $2.5bn Islamic loan - banker16 June 2009

  Deal includes a 6-month extension option at the mobile operator's request.

• Zain looking to sell African ops to Europe's Vivendi 12 June 2009

  Kuwait's biggest mobile operator awaiting reply from entertainment group Vivendi - paper.

• Zain Nigeria inks outsourcing deal with Ericsson9 June 2009

  Operator aims to boost efficiency after signing five year outsourcing deal.

• Zain looks to close $12bn deal to sell Africa unit - report9 June 2009

  Kuwait operator hoping to sell Celtel Africa to unnamed French company - Al Qabas.

• Legal fight looms over Iraq's $20m mobile fines2 June 2009

  Operators question legality of fines imposed by Ministry of Telecoms

• Investors warned to stay out of Iraq2 June 2009

  Zain Iraq CEO says country is "behind Russia under Stalin"

• Zain chief in plea over future of broadband2 June 2009

  Telecom firm's CEO 'begs' gov'ts to leave high-tech development to the private sector.

• Zain CEO slams government involvement in broadband1 June 2009

  CEO says that partnerships with the public sector are “ridiculous”

• Zain expects ‘historic’ year for earnings29 May 2009

  Kuwait's Zain expects to take its customer base to 90 million - Chief Executive Officer Saad Al Barrak.

• Orange only bidder for Jordan's 3G mobile licence27 May 2009

  Bids invited in March were also expected from Zain and Xpress, but only Orange bid.