Search results for "zain"

Zain Kuwait, and the Urgent Need to “Globalize” the Local Identity

Zain is undoubtedly one of the pillars of the telecom sector in the Middle East and North Africa. The story started in 1983 with the establishment of the Mobile Telecommunications Company (MTC), in a time where digital mobile communications was still being developed with mostly predominant fixed telephony. MTC soon became among the first providers […]

Huawei Helps Zain KSA Launch First 5G LAN in MENA Region

During the MWC22 conference in Barcelona, Zain KSA and Huawei jointly announced the first and unique 5G LAN network in the Middle East and North Africa.  5G LAN or Local Area Network is one of the most promising technologies, being able to face the three types of needs regarding enterprise network communication such as flexible […]

Saudi Telco, Zain's Net Profit Drops 18%

Mobile Telecommunication Company Saudi Arabia (Zain KSA) reported a net profit after Zakat and tax of $ 57 million for 2021, down 18 percent from $69 million a year earlier.  In addition, it has seen a 17.7 percent decrease in net profit in 2021 as COVID-19 driven repercussions weighed on revenues.  The company explained that […]

Zain Group receives $1.3 bln offer for Sudan business

Zain Group received a non-binding purchase offer from Invictus Holding Co (IHL) to acquire its entire stake in Zain Sudan and Kuwaiti Sudanese Holding Co for $1.3 billion, according to Zain Group. As such, the Kuwaiti bourse, Zain said in a statement, “The board has decided to proceed with the due diligence process to provide […]

Zain Group’s 5G focus leads to 5% profit growth

Zain Group, accomplished growth in its first three quarters, reaching a 5 percent rise to $450 million, according to the operator’s earnings report. The company highlighted that the noted augmentation in its consolidated net income was essentially derived from the company’s remarkable revenue performance of most of its operations, excluding Zain Iraq, which endured a […]

KSA’s sovereign fund to acquire 60% of Zain towers

Saudi Arabia’s sovereign wealth fund proposed a non-binding offer to acquire a 60 percent stake in Kuwaiti-backed Zain’s KSA towers with various investors offering to buy another 20 percent, leaving the telco’s assets with an $807 million valuation, according to Zain KSA. The Public Investment Fund (PIF) offered a whopping $484 million for 60 percent […]

Zain Bahrain, Ericsson to deploy advanced 5G in the Kingdom

Gulf countries are taking their digital 2030 vision to the next level, as Zain Bahrain chose earlier this week with Swedish telecoms vendor Ericsson to expand its 4G and 5G coverage and introduce 5G low-band and mid-band carrier aggregation. As the Swedish company deploys its 5G carrier aggregation service, Zain Bahrain will be able to […]

KSA’s Zain tops video game performance charts, report finds

Video games have become a benchmark for success for many broadband providers far and wide, as the gaming industry looks to continue its meteoric rise in popularity across all channels. According to Amsterdam-based games and esports data company Newzoo, during 2021, the market will generate revenues of $175.8 billion, a small year-on-year decline of -1.1 […]

Zain, Mobily merge tower business while seeking external investment

Saudi Arabian telecom providers Mobile Telecommunications Company Saudi Arabia (Zain KSA) and Etihad Etisalat Company (Mobily) jointly announced on Thursday plans to merge their telecom towers under a registered entity called Towers Company based in the Kingdom. According to a statement by both telcos, the duo has received in-principal approval from the board of Communications […]