| Coordinates | 55°45′06″N37°37′04″N |
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| Company name | Zain Group |
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| Company logo | |
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| Company type | Public |
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| Foundation | 1983 as MTC |
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| Industry | Telecommunication |
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| Area served | 7 countries in Africa and the Middle East |
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| Key people | Mr. Nabeel Bin Salamah, Chief Executive of Zain Group |
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| Products | Mobile Telecommunications, Fixed Lines Broadband and Internet |
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| Revenue | US$4.72 billion (2010) |
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| Net income | US$3.675 billion (including capital gain) (2010) |
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| Num employees | 6,000 (as of 31 December 2010) |
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| Slogan | A wonderful world. |
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| Headquarters | Kuwait City, Kuwait |
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| Owner | 24.6% is owned by Kuwait Investment Authority; 12.67% is owned by Al-Khair National for Stocks & Real Estate Co; only shareholders that own above 5% are disclosed |
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| Homepage | www.zain.com |
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Zain Group is a mobile telecommunications company founded in 1983 in Kuwait as MTC or Mobile Telecommunications Company, and was later rebranded to Zain in 2007. Zain has commercial presence in 7 countries across Africa and the Middle East with about 37.6 million customers as of March 31, 2011. It employs 6000 people.
Presence in Africa
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 June 8, 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.
Operations
Zain operates in the following countries:
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 (24.6%).
On September 20, 2008, Zain Group announced the completion of its capital increase raising US$4.49 billion (KWD1.2 billion) with 29% of all shareholders subscribing. The number of subscribed shares exceeded 1.4 billion, bringing the total number of Zain shares to 4.28 billion with total shareholders’ equity reaching US$6.42 billion.
One Network
Zain's One Network is the world’s first, borderless mobile service offering over 64 million Zain customers in 21 countries favorable rates, free of high roaming charges for cross-border communications.
Zain's One Network service replaced roaming in the following countries: Jordan, Bahrain, Iraq, Sudan, Nigeria, Uganda, Burkina Faso, Republic of Congo, Democratic Republic of Congo, Gabon, Chad, Tanzania, Kenya, Malawi, Nigeria and Saudi Arabia. Zain announced in May 2009, the launch of cross-border data services across the Middle East and Africa on the One Network platform.
Zain Create
Zain Create, Zain’s entertainment portal, provides customers with access to entertainment they can preview and download onto mobile phones and laptops. Available in Bahrain, Iraq, Kuwait, Jordan, Lebanon, Saudi Arabia, and Sudan, Zain Create offers full-track audio and video downloads, pre-releases, video and audio streaming, in addition to java and online games. Music is selected from local, regional and international artists through exclusive partnerships with major international labels such as Rotana.
References
External links
Zain Corporate Website
Zain Career Portal
Zain Entertainment Portal
Zain related articles
Category:Mobile phone companies
Category:Telecommunications companies of Africa
Category:Companies established in 1983
Category:Telecommunications companies of Kuwait
