Monday, May 07, 2012
BEIRUT (Zawya Dow Jones)--MTC Vodafone Bahrain, better known as Zain Bahrain, has allocated $50 million to develop and upgrade its network in 2012 and will invest an equal amount in 2013, Manama-based Al Wasat daily reports Monday citing an executive.
Zain Bahrain expects to sign the upgrade contracts by June with Nokia Siemens, [China's] Huawei, and other companies, Mohammed Zainalabedin, the company's general manager, told the paper.
The mobile phone operator and internet services provider, which started operations in 2003, is a 56.25% owned unit of Kuwait's Zain Group, according to Zawya.com data.
The company also plans to add about 200 towers in 2012 and 2013 as part of a program to strengthen its position on the Bahraini market which is small but promising, he told Al Wasat.
Newspaper website: http://www.alwasatnews.com/3530/news/read/661133/1.html
-By Beirut Bureau, Zawya Dow Jones; +961-1-985 757; BeirutZDJ@zawya.com
Copyright (c) 2012 Dow Jones & Co.
(END) Dow Jones Newswires
07-05-12 0644GMT
