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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.
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