Kuwait's Zain eyes Asian expansion



Kuwait's Mobile Telecommunications Co (Zain) wants to expand into India and China, chairman of the third biggest Arab telecom firm by market value said in remarks published on Sunday.

 

"Naturally, Zain is looking at emerging markets such as India and China as part of our expansion course," Asad Al Banwan said, according to Arabic-language daily Al Qabas.

 

Zain had talked with a Chinese delegation, the paper said, without being more specific.

 

As it faces growing competition in its home market, Kuwait's largest telecom firm has expanded into Africa since buying Netherlands-based Celtel in 2005. It also owns a stake in Saudi Arabia's third mobile phone operator. (Reuters)

Comments

Comments