The latest Zain Business News Iraq – Mobile phone service, networks, Asiacell, Korek Telecom & more – brought to you by Iraq Business News
By John Lee. Nokia today announced a strategic partnership with Zain Iraq to upgrade the telecom operator's network in the south of Iraq. The three-year deal marks Nokia's first entry into the microwave (MW) business with Zain Iraq, enhancing network capacity and modernizing the infrastructure to support future growth and increased traffic demand. The deployment […]
By John Lee. Qatar's Ooredoo, Kuwait's Zain Group and TASC Towers Holding of Dubai are to create the largest tower company in the MENA region, in a cash and share deal. The enlarged tower company, comprising approximately 30,000 towers, has a combined estimated current enterprise value of USD 2.2 billion. Ooredoo and Zain will equally […]
By John Lee. Zain Iraq's Q1 2023 revenue increased by 15 percent to reach USD 223 million and EBITDA recorded was USD 76 million, reflecting an EBITDA margin of 34 percent, according to the company's results statement for the period. The operation reported eight-fold increase in net profit of USD 30 million for Q1 2023 […]
UNDP partners with private sector companies in Karbala to boost youth employment The United Nations Development Programme (UNDP) has signed a Statement of Intent with eight private sector companies in Karbala during the second phase of a Job Matching Project aimed at curbing youth unemployment in the governorate. The Job Matching Project is designed to […]
By John Lee. ZainCash Iraq has announced a partnership with Western Union to enable international money transfers through the ZainCash mobile application. According to a press release, this allows customers in Iraq to easily and reliably send and receive money to more than 200 countries and territories. The app can be used by individuals, small […]
By John Lee. Zain Group has announced that its operation in Iraq has entered into a definite 15-year agreement to sell and leaseback, as well as the management rights of the passive physical infrastructure of its 4,968 tower portfolio in Iraq to TASC Towers Iraq for US$180 million. The deal also comprises of TASC Towers […]
From OpenSignal: Asiacell users have the fastest experience in Iraq Asiacell remains unbeaten in the average speeds seen by our Iraqi users. The operator wins Download Speed Experience and Upload Speed Experience for the third consecutive time, meaning no other Iraqi operator has won either award since we began reporting on the Iraqi mobile network […]
By John Lee. Zain Iraq's Q2 2022 revenue grew 4 percent to USD 390 million, and EBITDA grew by 16 percent to USD 168 million, according to the company's results statement for the period. The company also reported an EBITDA margin of 43 percent, with net profit reaching USD 5 million. The operator's customer base […]
UNICEF and Zain Iraq launch partnership to improve the lives of more than 5 million children in Iraq UNICEF and Zain signed a partnership on Tuesday based on their shared values to support the rights of children in Iraq by adopting joint work plans on several child related areas, including education, health and nutrition, social […]
By John Lee. Zain Iraq's H1 2021 revenue reached USD 376 million, and EBITDA amounted to USD 145 million, reflecting an EBITDA margin of 39%. Net profit reached USD 24 million for the period. The operator's customer base increased by 7% to reach 16.1 million customers maintaining its market leading position. It should be noted […]
The Station Foundation for Entrepreneurship is announcing its strategic partnership with Iraq's leading telecommunications company, Zain Iraq. This cooperation was brought out of a pressing need for collective cooperation amongst stakeholders; a vision both parties mutually share. Zain's expertise across the Middle East working on youth development coupled with The Station's great access to a […]
IBBC's 5th Annual Iraq Conference in Dubai - Opportunity in Adversity The Iraq Britain Business Council (IBBC) was much praised at its conference on Thursday for pioneering in COVID-19 times by bringing together senior officials from Iraq, the UAE and the UK, prominent international and Iraqi businessmen, bankers and professional advisers as speakers and over […]
