Milestones
1983: MTC established as the first mobile telecom company in the region
1986: Introduced ETACS in Kuwait
1994: Introduced GSM in Kuwait. One of the 1st to do so in the region
1999: Among the 1st to introduce prepaid services in the region
2000: Kuwait mobile market opened up to competition
2001: Government of Kuwait reduces stake from 49% to 25%
September 2002: Branding agreement with Vodafone in Kuwait- operation branded as MTC-Vodafone
April 2004: Awarded management agreement for one of Lebanon's mobile operations - operation branded as MTC Touch
March 2005: Entered into agreement to acquire Celtel Africa for US$3.36 billion
February 6, 2006: MTC subsidiary Celtel acquires the remaining 61% of Mobitel in Sudan from Sudatel in deal valued $1.332 billion, thus taking ownership to 100%
February 15, 2006: MTC launches a first of its kind research report "Socio-Economic Impact of Mobile Phones in the Arab World"
January 30, 2007: MTC launches ACE -an implementation strategy to realize the target of the 3x3x3 vision. ACE seeks to extract superior value from existing assets through three main thrusts: Accelerating the growth in Africa; Consolidating the existing assets; and Expanding into adjacent markets. Through implementation of the ACE strategy, MTC's new goals by the year 2011 are to attain a US$ 6 Billion EBITDA exceeding 70 million customers and to become one of the top ten leading telecom companies in the world by market capitalization.
January 5, 2008: Beginning today, two Iraqi mobile telecommunications networks - MTC Atheer and Iraqna - change their names to Zain (www.iq.zain.com) as both operators adopt the new corporate master brand of the Zain Group.This re-branding follows MTC Atheer's recent attainment of a 15 year nationwide license in August 2007, for US$1.25 billion and MTC Atheer's acquisition of Iraqna on December 31, 2007, for an amount of US$1.2 billion. Serving over seven million customers, Zain in Iraq becomes the fifth Group operation to be re-branded.
March 1, 2009: Zain announces its consolidated financial results for the year ending December 31,2008 with consolidated revenues of US$ 7.44 billion, an increase of 26% compared to 2007. The company's consolidated EBITDA increased by 15% for the same period to reach US$ 2.78 billion. Consolidated net profits reached US$ 1.2 billion, an increase of 6% on 2007. The earnings per share was US$0.33 and the shareholders equity was up 36% to US $8.69 billion. Year on year customer growth across the two continents in which Zain operates was 50% with the Zain Group serving 63.54 million managed active customers at 31 December, 2008.
February 14, 2010: Mr Nabeel Bin Salamah was appointed Chief Executive of the Zain Group, effective Sunday, February 14, 2010. This follows the resignation of Dr Saad Al Barrak on February 4, 2010.
March 3, 2011: Zain announces record results for the 12 months ended 31 December 2010. The results showed an impressive growth in several key performance indicators, with a consolidated net profit of US$3.675 billion, the highest ever in Zain's history and a record in the private sector of Kuwait
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Zain 15 Years شكراً لكمby ZainSudanTV799 views
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