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AsiaCell, the Wataniya Telecom led consortium, signs licence for Northern Iraq
- Iraq: Wednesday, December 24 - 2003 at 13:40
- PRESS RELEASE
Asia-Cell, the consortium lead by Kuwait's Wataniya Telecom, Asia-Cell Telecommunications and United Gulf Bank of Bahrain, announced the signing of its license for mobile operations in Northern Iraq.
Initial services are already available in Sulaymaniya. Today Wataniya will launch commercial services in Kirkuk and within two weeks Mosul will follow. Asia-Cell customers will be able to enjoy national mobile telecommunication in the central and southern regions of Iraq using their Asia-Cell lines in the future. Asia-Cell will be expanding its network coverage ahead of its license obligations to provide much needed telecom services to the people of Iraq.
"We are very happy to mark the official start of the Northern Iraq license, as it is a vital step in the reconstruction of Iraqi telecommunications." said Faisal Al- Ayyar, Chairman, Wataniya Telecom. "We are committed to take an active role in bringing Iraq's mobile telecommunication to international standard."
Rapid mobile adoption is predicted, with an estimated 500,000 new customers expected to take-up new lines in the first year of operation. The consortium is now able to provide the much-needed services immediately due to the existing network infrastructure of its local partner, Asia-Cell Telecom. Asia-Cell Telecom has already an active subscriber-base of well over 70,000 customers. Our customers are now served by a state-of-the-art Siemens and Huawei infrastructure that is already deployed in Kirkuk and Mosul in addition to Sulaymaniya. The network infrastructure has been designed to provide network expansion for up to 400,000 subscribers in the North quickly and without compromise on the stability of services.
The Iraq license has been significant for Wataniya Telecom in its strategy to expand and develop its regional presence. The company's regional portfolio of mobile operations now includes; Kuwait (Wataniya Telecom), Tunisia (Tunisiana), Iraq (AsiaCell) and Algeria (Wataniya Télécom Algérie). Wataniya Telecom has a proven track record of bringing competition to markets, quickly deploying solid GSM networks with value-added services and providing affordable mobile services to consumers.
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Notes and media contacts
About Wataniya TelecomLaunched in December 1999, Wataniya Telecom is the leading mobile communications company in the State of Kuwait. With a market capitalization exceeding US $3.4 billion, the Company has been a driving force in increasing the mobile communications market penetration in Kuwait to over 60 percent of the population. With over 780,000 subscribers in Kuwait, 490,000 in Tunisia, and 70,000 in Iraq, Wataniya Telecom has built its success on a customer focused strategy built on the philosophy that everything the company does must bring it closer to its customer.
Wataniya Telecom is a member of the KIPCO Holding group. KIPCO Holding has assets of more than US$10 billion under management or control, is one of the leading diversified holding companies in the Middle East and North Africa, and a major regional force in financial services, media and technology, with further interests in real estate and finance. The largest private sector company in Kuwait, KIPCO employs more than 10,000 people internationally. Its shares are publicly traded on the Kuwait Stock Exchange.
For Media Inquiries:
Wataniya Telecom
Fuad Al Ablani, Assistant GM, Wataniya Telecom (NMTC)
PO Box 613, Safat 13007, Kuwait
Tel: (965) 805 555
Fax: (965) 244 1468
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Posted by Anne-Birte Stensgaard, Senior News Editor
