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Zain recognised as 'Best Overall Africa and Middle East Mobile Operator'
- Kuwait: Sunday, December 21 - 2008 at 14:57
- PRESS RELEASE
Zain Group was awarded the prestigious 'Best Overall Operator in Africa and Middle East' at the annual CommsMEA Awards 2008 organised by the region's foremost business-to-business telecoms publication. Additionally, its Bahrain operation was selected as the 'Middle East Operator of the Year'.
The citation for Zain Group winning "Overall Operator of the Year," said that the award was in recognition of the company leading the remarkable trend of mobile communications within the Middle East and Africa. The award also recognizes Zain's rapid transition from a single mobile operator in Kuwait with 600,000 customers in 2002 to a major telecom conglomerate in the Middle East and Africa serving over 56 million customers in 22 countries. "Zain, whether in terms of its new vibrant brand, strategy and vision, financials, products and services, people, management, communication with and social support of the communities it serves, has earned its right to be among the top mobile operators on the globe."
On this prestigious award, Dr Saad Al Barrak said, "This acknowledgment rewards and recognises the dedicated efforts of our entire 16,000 workforce who have made Zain the successful company it is today. It is also an affirmation of the '3x3x3' expansion strategy we commenced back in 2003 aiming to be a top-ten global telecoms company by 2011."
Zain Group highlights over the past 12 months, to name a few, include:
• The further cementing and enhancing the new Zain brand across the Middle East and rebranding 14 operations in Africa from Celtel to Zain in August 2008.
• The successful acquisition of Iraqna in Iraq with over 3 million customers for $1.2bn and the acquisition of Westel in Ghana for $120m.
• Zain commenced operations in the Kingdom of Saudi Arabia on August 26 and in three months has attained over one million customers.
• Raising $4.5bn from a capital increase despite the world economic turmoil.
• Introducing 'One Network" to the Middle East in April and later connecting two continents in August encompassing 16 countries, 50 million customers and population coverage of 500 million people. This service is contributing to the economic and social well-being of many communities.
The citation for Zain Bahrain winning the 'Middle East Operator of the Year' award noted, "Zain Bahrain has put the Kingdom of Bahrain on the global telecoms map by notching up several technological 'world firsts' for its customers. It was selected for its consistent innovation and capacity to harness cutting-edge telecommunications technology in ways that are unique, customer-friendly and which make a significant difference to customer lifestyle for the better. In a short period of 5 years, the operation has attained nearly a 50% market share, quite an achievement against the once dominant incumbent operator."
Zain Bahrain General Manager Mohammed Zainalabedin said, "This award is especially significant as it comes to us on our fifth anniversary of operating in Bahrain. Since its inception Zain Bahrain has focused on bringing the best telecoms technology and service to our customers. Our continued growth and string of global firsts ranging from nationwide WiMAX to One Network borderless 'regional' service have enriched lives in Bahrain and beyond."
He added, "By far our greatest success story has been our ability to tap into the potential of Bahrainis to manage our growth and technological success. Zain Bahrain is proud of its international team which brings the best of the industry to Bahrain and which is anchored in the talent of Bahrainis to take the company to great heights. I therefore accept this award in the name of all the Zain Bahrain team."
The 3rd annual CommsMEA Awards 2008 seek to recognise and reward telecommunications industry professionals and operators that have shown outstanding performance and results in key market segments of the telecommunications industry in the Middle East and Africa.
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Notes and media contacts
About Zain:Zain is a leading emerging markets player in the field of telecommunications aiming to become one of the top ten mobile operators in the world by 2011. Zain was established in 1983 in Kuwait as the region's first mobile operator. Since 2003, it has grown significantly becoming the 4th largest mobile network in the world in terms of geographic presence with a footprint in 22 countries spread across the Middle East and Africa providing mobile voice and data services to 56.3 million active customers (as at 30 September 2008).
Zain operates in the following countries: Bahrain, Burkina Faso, Chad, the Republic of the Congo, the Democratic Republic of the Congo, Gabon, Ghana, Iraq, Jordan, Kenya, Kuwait, Malawi, Madagascar, Niger, Nigeria, Saudi Arabia, Sierra Leone, Sudan, Tanzania, Uganda and Zambia. In Lebanon, the company manages the network on behalf of the government operating as mtc-touch.
The Zain brand is wholly owned by Mobile Telecommunications Company KSC, which is listed on the Kuwait Stock Exchange (Stock ticker: ZAIN). The company had a market capitalization of over $23.4bn on 30 September, 2008.
Media contact:
Besma Abdulwahab Al-Nafisi
External Relations Team Leader
Corporate Communications & Relations Department
Zain
Zain Head Office Bldg, Shuwaikh
PO Box 22244, Safat, 13083 Kuwait
D: KW +965 2464-1040
F: KW +965 2464-4549
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