Zain, Kuwait's top telecoms operator by subscribers, reported an 8 percent rise in first-quarter profit on Monday, beating analysts' estimates as earnings from Iraq and its domestic business rose and Sudan's currency stabilised.
Zain is being sued for $4.5 billion over its 2007 acquisition of an Iraqi telecom operator, the Kuwaiti firm said in a bourse statement on Sunday.
Zain bought Iraqna for $1.2 billion from Orascom Telecom in December 2007 after the
Zain Saudi reported a first-quarter loss on Wednesday which narrowed from a year earlier and beat analyst forecasts as the telecom operator cut costs and data revenue surged.
Saudi Arabia's No 3 mobile company, 37-percent owne
Kuwait's Zain has secured a $250 million four-year Islamic loan from a syndicate of three Gulf banks, the telecommunications operator said on Wednesday.
Zain, which operates in eight countries in the Middle East and Africa, ha
Telecom operator Zain Bahrain and a firm involved in running petrol stations are among the firms preparing for an initial public offer (IPO) of shares on Bahrain's stock exchange this year, a top bourse official said.
Kuwait's Zain has finalised an $800 million, five-year loan facility from 11 banks, the telecommunications operator said.
Zain, which has operations in eight countries in the Middle East and Africa including Sudan, Iraq and Sa
Zain Bahrain is in the final stages of implementing its new network and this may result in service interruptions, it said last night.
On Sunday, customers in some areas faced a temporary service disruption, said a report in the Gu
Zain Bahrain has moved a step closer to launching a long-awaited initial public offer of its shares after the telecommunications operator announced its intention to become a public company in a government newsletter.
Under the ter
Zain Bahrain has announced the launch of Zweetup, a dedicated platform that aims to bring together and create an interactive forum for social media enthusiasts and bloggers.
Through Zweetup, Zain Bahrain will be developing a calen
Zain, Kuwait's No.1 telecommunications operator, reported near-flat fourth-quarter profit on Monday, missing analysts' estimates.
The former monopoly, which operates in eight countries in the Middle East and Africa, made a