Zain Sudan to invest $200m in 2015 and 2016

Operator completed the installation of 4G LTE technology in Khartoum
Zain Sudan to invest $200m in 2015 and 2016

Share

Zain Sudan plans to spend about $200 million during 2015 and 2016 to expand and develop its mobile network, as Elfatih Erwa, chief executive of Zain Sudan said to Reuters.

The operator completed the installation of 4G LTE technology in Khartoum but was waiting for a licence from the Sudanese government to operate it, explained Erwa.

Erwa said that the company was still interested in purchasing a stake in Canar. "The desire is still there on both sides."

He said revenue for the first half of 2015 reached $355 million, a 6% increase over the same period last year. Net income rose to $78 million, up 31%.

Zain Sudan claims about 11.5 million subscribers, or 41% of Sudan's total mobile subscribers, and 60% of total sector revenue. Zain Sudan competes with Sudatel, MTN and Canar.

REGISTER NOW | Webinar Event | Security you can bank on – Safeguarding the Middle East’s financial sector

Presented in partnership with security and network specialist Cybereason, the second in the three part webinar series will bring together a panel of experts to discuss how banks and financial institutions are evolving their service offering while simultaneously staying one step ahead of the cyber criminals who seek to bring their operations crashing to the ground.

Editor's Choice

Emerson expands analytics platform for industrial enterprise-level wireless infrastructure management
Plantweb Insight platform adds two new Pervasive Sensing applications that manage wireless networks more efficiently with a singular interface to the enterprise
Digitalisation seen as a competitive advantage by Middle East private businesses
Nearly 80 per cent of private business leaders acknowledge that digitalisation can impact business sustainability
Etisalat introduces Multi-Access Edge Computing architecture delivering best-in-class video streaming performance for 5G networks
MEC architecture achieves performance gains of as much as 90% in video streaming, validating how ultra-low-latency applications will be delivered over 4G and 5G networks

Most popular

Don't Miss a Story