Kuwaiti telecom firm Zain has agreed to buy a 92.3 percent stake in Sudanese fixed line operator Canar for Dh349.6 million ($95.2 million) from Abu Dhabi-listed Etisalat.
The deal is subject to approval from the Sudanese authoriti
Zain Group, a leading mobile telecom innovator in eight markets across the Middle East and Africa, registered a net profit of KD37 million ($124m) in first quarter this year, reported the Gulf Daily News, our sister publication.
Telecom operator Zain Saudi reported a narrowing first-quarter loss on Thursday, narrowly missing analysts' forecasts.
The company has yet to make a quarterly profit since launching services in 2008 and has battled to compete
Zain Saudi Arabia and Nokia have signed a memorandum of understanding (MoU) to collaborate on a major initiative that will transform Jeddah, one of Saudi Arabia's largest cities, into a model for smart cities in the country and worldwide by
Zain Group, a leading mobile telecom innovator in eight markets across the Middle East and North Africa (Mena) region, drew senior personnel from across the group operations for its recently concluded Customer Engagement Fo
Telecommunications operator Zain said on Sunday there were no fresh developments in its plans to sell mobile transmitter towers in Saudi Arabia and its domestic market Kuwait.
Citing sources familiar with the matter, Reuters repor
Kuwaiti telecoms group Zain is narrowing the field of potential bidders for its mobile transmitter towers in Kuwait and Saudi Arabia, sources familiar with the matter told Reuters.
Should a deal be concluded for the 7,000 towers o
Zain, Kuwait's No.1 telecom operator by subscribers, reported an eight per cent rise in fourth-quarter profit on Wednesday, halting a sustained earnings slump as its subscriber base increased.
The former monopoly, which operat
Saudi Arabia's three telecom operators are in talks to create a company to own and manage their mobile transmitter towers in a move that could cut costs and lower tariffs in the kingdom, a Saudi financial news website has reported.
Bahrain Bourse-listed Zain Bahrain has reported an increase of 24.3 per cent in net profit at BD5.147 million ($13.616 million) for the year ended December 31 when compared with BD4.142 million in 2014. In a statement the telecoms firm said th