
Monday, May 11, 2009
MTN Ghana Launches 3.5G Technology in Kumasi

Pakistan Mobile Reduces on Orascom Debt

Etisalat Loses Iran License to Zain

Maroc Telecom Registers Q1 Revenue Growth of 2.4%

Friday, May 8, 2009
Zain Begins Lay-offs In Nigeria, Uganda

The Zain Group - a mobile communications firm with operations in Africa and the Middle East – has started laying off at least 2,000 employees from all its subsidiaries, with its entities in Nigeria and Uganda announcing the lay-offs of 300 and 27 employess, respectively.
This follows the Group’s decision to sack the lot as it strives to position itself in the premier league of world’s top 10 telecommunications firms.
The decision emerged at a strategic meeting with senior Zain executives from all 22 African and Middle East operations, in Bahrain last week.
Zain’s new wave of layoffs will particularly affect its head offices and operations structures across all markets. Until Monday, the Group directly employed 15,500 workers. The reduction of its workforce by 2,000 will represent a loss of 13 percent in its human resource departments.
Zain Nigeria in a statement announced it was laying off 300 of its staff, an action aimed at aligning its business model with the Zain group's growth strategy. Mr Yesse Oenga, the managing director Zain Uganda, said 27 workers will be sacked from their jobs in the country.
In March, 141 staff at Zain Kenya were laid off. Other markets that have already sacked workers include; Iraq, Jordan, Kuwait, Malawi and Sierra Leone.
Zain Group Chief Executive Officer Dr Saad Al Barrak who announced the layoffs – the single largest in Africa so far, said the layoffs are part of the firm’s Drive2011 – a new programme aimed at propelling the company towards its 2011 target with 150 million subscribers and $6 billion in revenue.
In Uganda, the termination of workers to re-align Zain’s operations begun yesterday, according to Mr Oenga. Zain’s staff downsizing process forms part of its new drive to improve service delivery to its customers in all operations, according to Mr Oenga.
Specifically, Zain Nigeria said it was joining operations across Africa and the Middle East to implement the new business model, Drive2011, which is part of Zai n 's drive to become a top 10 global mobile operator by 2011 with 150 million cust o mers and earnings before interest, taxes, depreciation and amortisation of US$6 b illion.
Zain has invested more than US$12 billion in Africa since 2005, with a plan to m ake further investments of up to US$2 billion this year.
Phone Companies Spend US$62 Billion On Outsourced Services in 2008
Thursday, May 7, 2009
Telkom Sells Media Arm to Shenzhen Media

South African fixed-line operator Telkom has sold its 75 percent interest in Telkom Media to Shenzhen Media South Africa for a nominal amount. Last year, Telkom announced its decision to significantly reduce its investment in Telkom Media.
Wednesday, May 6, 2009
MTN Reports Growth In Subscriber Numbers

Zain Reports 3.3% Rise in Q Profits

Just a couple of days after announcing 2,000 job cuts, Zain has reported a 3.3% rise in first-quarter profits to KWD 75.7 million (US$260.5 million), compared with KWD 73.3 million a year ago. Consolidated revenues jumps by 25% to KWD 567.2 million (US$1.96 billion), an increase of 25% compared to Q1 2008. Profits were held back due to costs associated with the recent launch of networks in the Kingdom of Saudi Arabia and Ghana.
The company said that it ended the quarter with 64.7 million customers - a jump of 41% over the year.
Commenting on the results, Zain Group CEO Dr Saad Al Barrak said: "Despite the challenges imposed by the global economic crisis and the competitive markets in which we operate, these impressive first quarter results are testament to the sound management practices of the Group and a reflection of our unwavering commitment to reach our 2011 target of being a top-ten global mobile operator."
Regarding Saudi Arabia and Ghana, Dr Al Barrak commented: “Both operations have performed beyond expectations in attaining impressive customer numbers to date and we expect them to provide healthy fiscal gains in the years to come.”
Dr Al Barrak also confirmed that Zain is working on several fronts to overcome the changes in global markets such as the increasing cost of financing and the sharp volatility of currency rates, pointing out that “Zain was able to achieve realistic results despite the fact that the latter cost the company KWD 18.4 million (US$63.3 million).”
Zain to Cut Down on 2,000 Jobs, Plans to Outsource More Functions

Monday, May 4, 2009
MTN Presence at Zim Fair Creates Anxiety

France Telecom Q1 Profits Fall Due to TV Services

Thursday, April 30, 2009
Rwandatel Subscribers Hit 280K Mark

Mobile Banking Could "Kill" Credit Cards & Cash

Mobinil Q1 Profits Fall Below Forecasts

Tuesday, April 28, 2009
MTN Acquires Revenue Assurance Platform from cVidya

