Zain Kuwait
About Zain
Effective September 8, 2007, Zain is the new corporate master brand name for the Group (formerly MTC), the leading mobile telecommunications provider in the Middle East and Africa. The company operates under the Zain brand in Kuwait, Jordan, Bahrain and Sudan. In Iraq it is currently known as mtc-atheer, in Lebanon as mtc-touch and in 14 sub-Saharan countries in Africa as Celtel: Burkina Faso, Chad, Democratic Republic of the Congo, Republic of the Congo, Gabon, Kenya, Malawi, Madagascar, Niger, Nigeria, Sierra Leone, Tanzania, Uganda and Zambia.
Zain plans to commence operations in the Kingdom of Saudi Arabia in early 2008 and with the recent award of an extended 15 year nationwide licence in Iraq, mtc atheer will soon rebrand to Zain. All new and acquired operations will be branded Zain in the future.
In January 2007, the Group launched the ACE (Acceleration, Consolidation, Expansion) strategy to realize its 3x3x3 vision of becoming a top-ten global mobile operator by 2011. The Zain brand is wholly owned by Mobile Telecommunications Company KSC and is listed on the Kuwait Stock Exchange (Stock ticker: ZAIN). The company?s market capitalisation at 6 September, 2007 exceeded US$ 30 billion.
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