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FINANCIAL NEWS
Zain invests USD1b in network upgrades
08 Jan 2014
(MENAFN) CEO of Kuwait’s telecom operator Zain Group said that the company invested nearly USD1 billion in network upgrades last year, Saudi Gazette reported.
The CEO said: “Growth in data revenues for the company was impressive during 2013, averaging almost 22 percent year-on-year, and contributing 13 percent to Zain’s overall revenues for the year.”
The company had posted a net profit of USD186 million and revenues of USD1.1 billion in the third quarter of last year.
More News
08 Apr 2026
BBK awards over BD 1 Million to 273 winners in the February Al Hayrat Grand Prizes draw
01 Mar 2026
BBK activates partial remote working system for its workforce to ensure employee and customer safety and service continuity
24 Feb 2026
BBK discloses its financial results for the year ended 31st December 2025
05 Feb 2026
BBK announces December Al Hayrat Grand Prize winners and another wave of Grand prizes for February
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