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Zain Group Q3 revenues fall 6%, pulled down by Sudanese currency devaluation
2017-10-30 08:32:00| Telecompaper Headlines
(Telecompaper) Zain Group announced its third-quarter revenues fell 6 percent to KWD 259 million, hurt by negative currency effects. EBITDA reached KWD 104 million, a decrease of 23 percent, giving a 40 percent EBITDA margin. Net profit for the period amounted to KWD 40 million, down 6 percent, and EPS reached KWD 0.010.
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fall
currency
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Zain Q3 performance hampered by Sudan currency slump
2017-10-30 01:00:00| Total Telecom industry news
Zain on Saturday reported hefty declines in third quarter revenue and earnings, as the steep devaluation of the Sudanese pound took the sheen off an otherwise strong performance. The Kuwait-based telco's revenue for the three months to 30 September came in at 259 million dinars (&euro…read more on TotalTele.com »
Tags: performance
currency
sudan
hampered
Omantel signs deal to buy 12.1% of Zain Group for USD 1.35 bln
2017-10-26 10:45:00| Telecompaper Headlines
(Telecompaper) Omantel said it has signed an agreement with Al Khair National for Stocks & Real Estate Company, Kuwaiti British Readymix Company and Gulf National Holding Company to purchase 521.97 million ordinary shares in Zain Group, or 12.1 percent of the total fully paid and issued share capital, for a total cash consideration of USD 1.35 billion at an offer price of KWD 0.781 per share.
Zain sells Kuwait towers for $165 million
2017-10-11 02:00:00| Total Telecom industry news
Zain has agreed to sell its telecoms towers portfolio in Kuwait to infrastructure specialists IHS Holding and Towershare Management for US$165 million (€140 million). The deal will create a new towers business in Kuwait…read more on TotalTele.com »
Tags: million
kuwait
sells
towers
Omantel offers to buy another 12% of Zain from investment group
2017-10-10 11:10:00| Telecompaper Headlines
(Telecompaper) Omantel is seeking to increase its stake in Zain Group, worth around KWD 290 million, two months after purchasing a minority share in it, The National reported, citing a bourse statement. Omantel signed a non-binding letter of intent on 08 October to buy a 12.17 percent stake in Zain from Kuwait-based Al Khair National, a Kharafi Group company.
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buy
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investment
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