Zain Group

Mobile Telecommunications Co. (Zain)
شركة الإتصالات المتنقلة (زين)
Public company
Industry Telecommunications
Founded 1983 as MTC[1]
Headquarters Kuwait City, Kuwait
Area served
 9 countries in the Middle East and North Africa
Key people
 Scott Gegenheimer (Chief Executive)
Products Mobile Telephony, Fixed Lines, Broadband and Internet
Revenue Increase US$4.3 billion (2014)
Increase US$685 million (2014)
Owner 24.24% is owned by Kuwait Investment Authority; 16.26% is owned by Al-Khair National for Stocks & Real Estate Co; only shareholders that own above 5% are disclosed
Number of employees
 7,000+ (as of 31 March 2015)
Website zain.com

Zain Group (Arabic: مجموعة زين‎‎) is a mobile telecommunications company founded in 1983 in Kuwait as MTC (Mobile Telecommunications Company), and was later branded to Zain in 2007. Zain has commercial presence in 8 countries across the Middle East and North Africa with 44.3 million active customers as of 31 December 2014.[2] The group CEO is Scott Gegenheimer, who was appointed in December 2012.[3]

Operations

Zain has presence in the following countries:

Country Site Remarks
 Bahrain bh.zain.com Zain started operations in the Kingdom of Bahrain in December 2003 as MTC-Vodafone. Since then, it has introduced 4G LTE, 3.5G and WIMAX services to the Kingdom. Zain’s network covers 100% of the Bahraini population.
 Iraq iq.zain.com Zain has provided mobile services in Iraq since December 2003. After securing a 15-year license in August 2007, Zain acquired Iraqna’s network, becoming the largest mobile operator in Iraq with over 13 million customers.
 Jordan jo.zain.com In 1994, Zain in Jordan, formerly Fastlink, was the first to introduce mobile services in the country. In 2003, it was the first to join what is now the Zain Group’s Middle East portfolio.
 Kuwait kw.zain.com Zain in Kuwait is the Group's flagship operation, which was established in 1983 and in 1994 became the first telecom operator to launch commercial GSM services in the region and now offers 4G LTE.
 Lebanon touch.com.lb In June 2004, Zain won a four-year management contract to operate one of Lebanon’s two GSM networks, rebranded to touch, which has subsequently been renewed.[4] In June 2012,MTC Touch rebranded to touch. touch also offers 3.9G and 4G LTE services.
 Morocco inwi.ma On 14 March 2009, Zain in a 50/50 partnership with Al Ajial Investment Fund Holding acquired 31% of Wana Corporate SA INWI (formerly known as Wana) in Morocco.
 Saudi Arabia sa.zain.com Zain launched its commercial operations in the Kingdom of Saudi Arabia on 26 August 2008, a year after it was awarded its mobile license. The Group holds management control of the operation through its 37% ownership stake. Zain Saudi Arabia also offers 4G LTE services.
 South Sudan ss.zain.com Zain is the No. 1 operator in South Sudan.
 Sudan sd.zain.com In February 2006, Zain acquired the remaining 61% stake of Mobitel, Sudan’s first mobile operator, in a deal valued at $1.332 billion, resulting in 100% ownership. The company was rebranded to Zain in September 2007 and subsequently renewed its license in Sudan for a period of 20 years.

Presence in Africa (2005-2010)

From 2005 to 2010, Zain maintained a presence in a number of countries in Sub-Saharan Africa, in addition to its core market in the MENA region.

Zain entered Africa in May 2005 through the $3.4 billion purchase of Celtel International which had 13 country operations in Africa, serving five million customers at that time. Zain invested heavily across the continent through network upgrades and acquiring two more country licences. By June 2010, Zain had over 40 million customers across the continent, operating in Burkina Faso, Chad, Democratic Republic of the Congo, Gabon, Ghana, Kenya, Madagascar, Malawi, Niger, Nigeria, Sierra Leone, Tanzania, Uganda and Zambia.

In early 2010, Zain accepted an offer for the sale of all its Africa operations. On 8 June 2010, Zain announced that it had satisfied all required conditions precedent to closing of the sale of 100% of Zain Africa BV to Bharti Airtel Limited for $10.7 billion on an enterprise basis.[5]

Financial Highlights

Zain is listed on the Kuwait Stock Exchange. There are no restrictions on Zain shares as the company’s capital is 100% free float and publicly traded. The largest shareholder is the Kuwait Investment Authority (24.24%).

For the first six months of 2014, Zain Group generated consolidated revenues of USD 2.23 billion (KD 627 million), up 3% year-on-year. The company’s consolidated EBITDA for the period reached USD 943 million (KD 265 million), reflecting an increase of 1% Y-o-Y. Earnings per share for the period stood at USD 0.10 (KD 0.029). [6]

References

External links

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