Telecommunications in Uganda: Telecommunications Companies of Uganda, Zain, Warid Telecom, Uganda Telecom

Purchase includes free access to book updates online and a free trial membership in the publisher's book club where you can select from more than a million books without charge. Excerpt: Zain Group, is a mobile telecommunications company founded in 1983 in Kuwait as MTC or Mobile Telecommunications Company, and was later rebranded to Zain in 2007. Zain has commercial presence in 25 countries across Africa and the Middle East, with an estimated work force of 13,000. As of February 2010, about 60% of Zain's customers were in Africa although Africa contributed only 15% to the group's net profit. On 8 June 2010, the Indian company Bharti Airtel completed a deal to buy Zain's businesses in 15 African countries for $10.7 billion. The acquisition will be completed in October. Zain has a commercial presence in 24 countries. Its area of operations include: Bahrain, Iraq, Jordan, Kuwait, Saudi Arabia, Lebanon (as mtc touch), Palestine*, and Sudan. Burkina Faso, Chad, Democratic Republic of the Congo, Republic of the Congo, Gabon, Ghana, Kenya, Madagascar, Malawi, Niger, Nigeria, Sierra Leone, Tanzania, Uganda, Zambia and Morocco. Additionally, Zain owns 31 % of Wana Telecom in Morocco through a joint venture. Zain operates in the following countries: Zain is listed on the Kuwait Stock Exchange. There are no restrictions on Zain shares as the companys capital is 100% free float and publicly traded. The largest shareholder is the Kuwait Investment Authority (24.6%). On September 20, 2008, Zain Group announced the completion of its capital increase raising US$4.49 billion (KWD1.2 billion) with 29% of all shareholders subscribing. The number of subscribed shares exceeded 1.4 billion, bringing the total number of Zain shares to 4.28 billion with total shareholders equity reaching US$6.42 billion. The amount raised is unprecedented in Kuwaits history exceeding all expectations. As at September 30, 2009, Zain is serving a growing customer ... More: http://booksllc.net/?id=13249890