Zain raises capital to fund expansion

3 Dec 2007

The Kuwaiti mobile group Zain says it plans to raise around USD4.4 billion by selling stock to existing investors. The group will raise its capital by 75% by selling shares at KWD0.85 (USD3.10) per share. The cash raised will fund international expansion, according to a report from Reuters.

Kuwait, Zain Kuwait, Zain Group,

Subscribe

Subscribe to CommsUpdate to get the day’s top telecom headlines delivered to your email.

Subscribe to CommsUpdate

Browse

Filter

Filter CommsUpdate by the following categories or use the search.

Search

Visit our help page information on performing advanced searches, including how to restrict the results by country or company.

Advertise

CommsUpdate is an outstanding advertising venue for companies seeking to reach:

  • International carriers
  • Wholesale service providers
  • Equipment and software vendors
  • Telecom investors
  • Regulators

Learn more about advertising on CommsUpdate.

Share