Zain invests in FOO for digital business foray

Zain Baharin image
Telecom network operator Zain Group announces a strategic investment in FOO, a Lebanon-based provider of mobility related services.

FOO provides digital strategic consultancy, user interface and experience (UI- UX) design, app and web development solutions, digital marketing and incubation of startups.

The acquisition of FOO will support the strategy of Zain Group’s foray into the digital space with new customer service offerings. ZD focuses on of innovation, digital services, corporate venturing and smart cities.

Zain Group CEO Scott Gegenheimer said: “FOO is one of Lebanon’s technology success stories and this strategic investment will fast-track and enhance Zain’s delivery of innovative digital services to customers and enterprises.”

editor@telecomlead.com

0 0 votes
Article Rating
Subscribe
Notify of
guest
0 Comments
Oldest
Newest Most Voted

Latest

More like this
Related

Telcos Turn to AI-Powered Insurance as ARPU Growth Stalls, Boosting Customer Loyalty and New Revenue Streams

Telecom operators are increasingly expanding into insurance services as...

Tele2 Cuts Capex 26 Percent in Q2 2026 While Accelerating 5G, Spectrum and Sovereign Cloud Investments

Tele2 has reduced capital expenditure during the second quarter...

Tele2 Q2 2026 Revenue Rises to SEK 7.39 bn as ARPU Growth, Cost Discipline, AI and Digital Investments Drive Performance

Tele2 has reported solid financial and operational performance for...