Tag Archives | Zain

The latest Zain Business News Iraq – Mobile phone service, networks, Asiacell, Korek Telecom & more – brought to you by Iraq Business News

Zain Iraq Planning Stock Market Launch

Zain's Iraq subsidiary is preparing for an initial public offering (IPO) on the Iraq Stock Exchange that will raise an estimated $80 million [96 billion Iraqi dinars] for a 20% stake, the Kuwait Arabic daily al-Qabas reports. As a condition of its operating licence, the company is required to list its shares on the Iraqi […]

Zain Considers Offers to Manage its Network

Kuwait’s Zain is considering several tender offers to manage its telecoms network in Iraq and will likely award the contract in the next few weeks, a company spokesman has said. According to Reuters, Zain refused to name bidders for the managed service agreement, but said there were at least three, with international players such as […]

Diwaniya Council to Close Zain Offices in Protest

According to a report from Iraq's National Media Centre, the provincial government in Diwaniya will close the regional offices of mobile phone operator Zain Telecom on Saturday, in solidarity with the campaign to boycott the company to pressure it to improve its services. The Chairman of the council's Committee on Transport and Communications complained about […]

High Costs Hamper Iraqi Telecoms

Telecommunications should be one of the hottest growth industries in Iraq, but according to a report from Reuters, providers have yet to introduce 3G technology into a market where the military jams mobile phone networks to stop insurgents detonating bombs. Poor infrastructure, high operating costs, conflicts between communications regulators and security problems are stunting development […]

Zain Iraq Chooses Nokia Siemens Networks

Zain Iraq is unifying its subscriber data, currently distributed across the network, into a single database using the Nokia Siemens Networks’ One-NDS platform. One-NDS enables real-time data access across multiple applications. It addresses Zain’s need for a resilient and high capacity subscriber data repository to meet its growth targets by introducing flexibility not found in […]

Zain Links Iraq to Jordan via Fiber-optic Cable

Dr. Abdulmalek Al-Jaber, CEO of Zain Jordan, part of Kuwait's Zain Group, has announced the full hook-up of its network to neighbouring Iraq via an optical fibre cable, Kuna has reported. The Jordanian network has been linked to the Iraqi network using an optical fiber cable that continues to Baghdad, he said. "The hook-up enables […]

Zain Iraq Plans to Invest $100m in Kurdish Zone

The Iraqi unit of Kuwait telecoms firm Zain is planning to spend $100m this year as part of its plan to expand throughout the entire Kurdish region over the next five months, its chief executive said yesterday. Emad Makiya, CEO of Zain Iraq, the country’s biggest mobile phone operator, said the firm planned to extend […]

Etisalat Has Not Ruled Out Iraq Expansion

UAE telecom Etisalat has not ruled out expansion into Iraq after dropping its $12bn bid for a chunk of Kuwait’s Zain that would have given it access to the market, a senior executive said, according to a report from Arabian Business. “We are looking at all opportunities,” said Ahmed Bin Ali, group senior vice president […]

4th Mobile Phone Licence Could Go for $2bn

Iraq's communications minister said he expected the country's planned fourth mobile phone licence to fetch between $1 billion to $2 billion [2.4 trillion Iraqi dinars] in an auction expected by the end of this year. According to Reuters, Mohammed Allawi said the expected cost for the licence, including installations and infrastructure costs, could be in […]

Cordiant Provides $50m Funding for Zain Iraq

Cordiant Capital, the Montreal based fund manager that specialises in loans to emerging markets, has committed $50 million to fund the expansion of Iraq’s mobile phone network. Mobile penetration in Iraq is estimated at just 77%, lagging far behind most of its neighbouring countries where penetration rates are virtually 100%. The loan is part of […]

Mobile Phone Wars in Iraq

Iraqi mobile operator AsiaCell has threatened to sue Kuwait-based telecoms provider Zain, after it allegedly distributed millions of unlicensed SIM cards, hitting AsiaCell's market share. It has also disconnected several million Zain Iraq subscribers whose lines have not been fully licensed by the Communications and Media Commission (CMC). AsiaCell, in which Qatar Telecommunications Co (Qtel) […]