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Latest Telecoms News from Kuwait
Qatar Telecom Q4 Profits Down on Wataniya Costs
Qatar Telecom (Qtel) has reported a 7.9% drop in its fourth-quarter profits of QAR431 million (US$118 million) due to non operational provisions in Kuwaiti's Wataniya subsidiary....
Related Tags: qatar-telecom, qtel
Zain Confirms Receiving Offer to Sell African Networks
Kuwait based Zain has confirmed that it has received an offer from an unnamed group to acquire its operations in Africa excluding Morocco and Sudan....
Zain's CEO, Dr Saad al Barrak has dramatically quit the company as reported differences between Dr al Barrak and a major shareholder in the company came to a final conclusion. ...
Related Tags: zain, saad-al-barrak
Zain Quarterly Profts More Than Halved
Kuwait based Zain has reported a 53 percent drop in its 3rd-quarter profits to KWD 41.19 million (US$144.3 million) from KWD 87.2 million a year ago. ...
Related Tags: zain, saad-al-barrak
Motorola Wins HSPA+ Upgrade Contract in Kuwait
Motorola has announced a contract with Zain's operation in Kuwait to expand and upgrade the operator's 3G HSPA mobile broadband network to HSPA+....
Related Tags: motorola, zain, hspa+, broadband
Zain shareholders Selling 46% Stake to India-Malaysian Consortium - Maybe
Zain shareholders have agreed to sell a 46% stake in the company to various other investors, although very few details have been confirmed at this time....
Related Tags: zain
Zain Close to Selling 46% Stake to Asian Investors - Report
Further rumours about the future of Kuwait's telco, Zain after local newspapers reported that a consortium is seeking to take a 46 percent stake in the company....
Related Tags: zain, kuwait-investment-authority
Zain Upgrades Kuwaiti Network to Support 21.6 Mbps Download Speeds
Zain Kuwait says that it has upgraded and expanded its network to support peak mobile data download speeds up to 21.6 Mbps, with a HSPA upgrade....
Related Tags: zain, hspa, radio
Zain Talking to Three Companies Over African Assets
Kuwait's Zain is reported to now be in talks with three international telecom operators over the future of its African assets. Citing Chief Executive Officer Saad al-Barrak, the Al-Rai newspaper also confirmed that one of the unnamed companies included one from India....
Zain to Review Rules Limiting Shareholder Stakes
Speculation about the future of Kuwait based mobile operator, Zain was heightened when the company posted notices seeking changes to shareholder restrictions....
Related Tags: zain, kuwait-investment-authority
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