Accoring to Zain CEO Saad Al Barrak, the company is looking to expand its network in Africa and Middle East by making nearly five acquisitions by 2010, worth US$4 billion.
“We are focusing now on our priority in the Middle East and Africa, where we want to become the absolute number one,” he said.
Zain, which operates in 22 countries plans to expand its roots further to six African nations Cote D’Ivoire, Mali, Mozambique, Rwanda, South Africa and Zimbabwe and Yemen and Syria in the Middle East.
Al Barrak, looking at the global financial crunches, says that Zain will either buy majority stakes or acquire licences.
Al Barrak additionally said that Zain also plans to spend $2.5 billion in 2009 on network upgradation and investments.
Wireless Federation » archive for 'South Africa and Zimbabwe'
Zain plans network expansion in Africa and Middle East
- November 7th, 2008
- 8:24 am
