Syria Awards Zain Second 5G Mobile Operating Licence

Syria awards Zain second 5G mobile operating licence

Syria has awarded Zain Group the country's second mobile telecommunications licence, marking a major step in efforts to modernise the sector and expand fifth-generation (5G) services.

Kuwaiti telecom Zain Group lands Syria mobile license

Kuwaiti telecom Zain Group plans to invest more than $1.5 billion over the next decade to upgrade and operate a mobile network in Syria, the latest in a series of Gulf investments since the fall of the Assad regime. The company will acquire a 75% stake in the existing MTN network, with the Syrian government holding the remaining 25%; Zain said it will spend $800 million to modernize a service that ranks among the world’s worst in terms of speed …

Kuwait's Zain eyes $1.5B mobile network in postwar Syria: What to know

The Kuwaiti company is planning to invest more than $1.5 billion in Syria after securing a license to operate there, Bloomberg reported Tuesday.

Kuwait-listed Zain wins 25-year licence to operate Syria's mobile network

Zain Group’s Syrian unit will invest more than $800mln over the next decade to modernise the network and deploy 5G services.

Zain wins 25-year Syria telecoms licence for $750M

Zain Group secured a 25-year telecoms licence in Syria after winning a tender process with a bid totalling $747 million, replacing MTN’s existing network in the country. The Kuwait-based operator stated it will establish a new operating entity in Syria, in which it will hold a 75% stake while the Syrian government will take the remaining 25%. During a six-month handover process, Zain said it will work closely with Syria’s Ministry of Communicati…

Zain Group wins 25-year mobile licence in Syria

Zain paid a total of $747m for the licence and has committed to invest a further $800 million – it is unclear what will happen next concerning control of rival Syriatel Zain Group has secured a 20-year licence that could be extended by a further five year to operate a mobile network in the Syrian Arab Republic. This follows a competitive tender for the existing MTN network which was launched in March at MWC in Barcelona. It was conducted by the …