Posts filed under ‘Kuwait’
MTN Ghana (formerly Spacefon Areeba) launched its 3.5G service in Ghana on 28 January using high speed downlink packet access (HSDPA) technology. MTN says its new network will offer a range of data-oriented services and provide for more efficient delivery of existing services such as voice, SMS, MMS, and mobile internet access. Local press were given the opportunity to experience the benefits of 3.5G in a specially-constructed phone booth. Going forward, MTN Ghana plans to roll out more HSDPA-enabled phone booths in the capital Accra. In December 2008 Kuwait-based telecoms group Zain launched a 3.5G network in Ghana, having invested more than USD420 million in the country to realise the speedy deployment of the technology – a first for sub-Saharan Africa, excluding South Africa.
Reuters is reporting that Kuwait-based telecoms giant Zain is in discussions aimed at taking a stake in Palestinian fixed line and broadband provider Palestinian Telecommunications Company (Paltel). A spokesman for Zain confirmed that talks between the two companies are at ‘advanced’ stages, and a deal could be concluded soon. It has not been confirmed however whether Zain is pursuing a majority in stake in Paltel, and trading in the latter company has been suspended on the Palestine stock exchange until any further announcements are made by the operators regarding the merger.
The Kuwait-based international cellular group Zain says it expects net profit to increase by over 30% in 2009, with EBITDA predicted to rise by around 40%. A report, which quotes local newspaper al-Watan, adds that Zain is expecting total subscriber numbers at its 22 operations in the Middle East and Africa to reach more than 94 million by end-2009, up from 64 million currently. Zain CEO Saad al-Barrak told al-Watan that the cellco’s financial situation is healthy despite the current global financial crisis.
Zain Tanzania, a unit of the Kuwaiti group Zain, yesterday launched what it claims is the country’s fastest 3.5G mobile internet service. The unit’s managing director Mr Khaled Muhtadi, told reporters that the 3.5G technology will offer a theoretical maximum speed of 7Mbps over its mobile network, and will initially be available in the capital Dar es Salaam with other regions covered by the end of 2009. The ultra high speed internet service is currently available to Zain customers in parts of the city centre, Kariakoo and the Peninsular, he said.
The Tanzanian unit’s parent company has invested in excess of USD180 million this year in expanding and enhancing its network in Tanzania – including the HSDPA investment. In October this year Zain Tanzania said it was looking to increase its mobile subscriber base by 15% to 3.8 million by the end of the year. At that date, Mr Muhtadi said: ‘We have reached over 3.3 million customers today and our target is to exceed 3.8 million by the end of the year’. The Zain official went on to say that the key challenges facing the cellco in its bid for expansion were falling subscriber revenues (particularly from new customers), the high cost of handsets and the slow movement of equipment and supplies through the port and customs.
Kuwait-based telecoms group Zain yesterday launched a 3.5G network in Ghana, having invested more than USD420 million in the country to realise the speedy deployment of the technology – a first for sub-Saharan Africa, excluding South Africa. Reuters reports that Zain sees potential on the continent where it already has 40 million customers. ‘Although penetration is very, very low, we see it as having very huge potential. A lot of people say Africa penetration is almost saturated, but we don’t because we see that we can optimise our business on the continent,’ Chris Gabriel, Chief Executive Officer of Zain Africa said. Zain, which already operates in 22 countries across the Middle East and Africa, is looking to become one of the world’s top ten operators by 2011 and has already set its sights on four of five acquisitions in the region which Gabriel says will be closed ‘in the next twelve months’.