Articles tagged with: One Network and Jordan

Zain Takes Majority Stake in Palestinian Mobile Operator

Zain has announced that it is to take a majority stake in the Palestinian Telecommunications Company (Paltel) in a share swap deal. Zain will transfer its ownership of its Jordan subsidiary to Paltel in exchange for taking an equity shareholding of 56.53% in the enlarged company.  more

Related Tags: zain, paltel, palestinian-telecommunications-company, zain-jordan, opex, play, Palestine

Zain half-year 2008 results, surpasses 50m customers milestone

Kuwait listed Zain (formerly MTC) has reported a significant growth in revenues with customer numbers exceeding 50 million. For the first half of 2008, Zain Group recorded consolidated revenues of US$3.488 billion, an increase of 26% compared to H1-2007. The companyĆ's consolidated EBITDA increased by 20% for the same period to reach US$1.305 billion. Zain consolidated net profits reached US$551.5 million, an increase of 7% on H1-2007 profits.  more

Related Tags: roaming, zain, 3, zain-group