Zain has revealed focus of Capex was on the expansion of Fiber-to-the-Home (FTTH) infrastructure; spectrum fees; 4G upgrades; and new network sites across its markets, as well as 5G network rollouts in Kuwait, KSA, and Bahrain in the first six months of 2022.
Zain has generated revenue of $2.7 billion (+10 percent), EBITDA of $1.1 billion (+3 percent) with EBITDA margin of 39 percent and net income of $321 million (+14 percent) for the first six months of 2022.
Zain has generated revenue of $1.4 billion (+14 percent), EBITDA of $544 million (+9 percent) with an EBITDA margin of 40 percent and net income of $165 million (+22 percent) in the second quarter of 2022
Zain’s data revenue reached $1.1 billion, representing 40 percent of Group revenue.
Zain Kuwait became the first telecom operator globally to launch Vo5G with nationwide coverage. Zain Kuwait completed first live trial in region for 4G / 5G Open and Cloud Native Radio Access Network (cRAN).
ZainTech, the Zain Group enterprise (B2B) arm, achieved growth across markets landing key regional clients and new partnerships, with B2B revenues growing 21 percent.
Dizlee, the Zain Group Application Program Interface (API) platform, grows exponentially with 26 digital partnerships, offering 51 live services, resulting in an impressive 5.5 million transactions per month and a 34 percent increase in revenue.
“We are focused on driving sustainable value through strong environmental, social and governance (ESG) practices, diligent investments in 4G and 5G network upgrades expansion, and seeking new lucrative business verticals to drive growth,” Ahmed Al Tahous, Chairman of Zain Group, said in a news statement.
Zain Kuwait grew its 5G mobile and broadband customers, capturing the largest 5G customer and revenue market share in the country.
Zain Saudi Arabia’s 5G network covers over 50 cities and data revenue represents 44 percent of total revenue and customers served stood at 8.9 million, a 21 percent increase.
Zain Sudan’s data revenue grew 44 percent representing 31 percent of total revenue, customers base stood at 16.3million, maintaining its market leadership position.
Zain Jordan has expanded FTTH and 4G services across the country. Its data revenue grew 4 percent representing 50 percent of total revenue. Zain Jordan served 3.7 million customers (up 4 percent) maintaining its market leadership.
Zain Bahrain’s data revenue grew 5 percent to represent 46 percent of total revenue.