Wataniya tables aggressive expansion

19 Feb 2004

Kuwait’s largest wireless operator, Wataniya Telecom, has revealed its plans to expand regionally, pursuing new mobile licences and partnership agreements in the Middle East and North Africa. Aside from its domestic market, Wataniya has subsidiaries in Iraq (Asia Cell) and Tunisia (Tunisiana) with its Algerian network set to begin commercial operations in mid-2004. For the year ending 31 December 2003 Wataniya reported revenues of KWD160.4 million (USD545.4 million) and a net profit of KRW33.1 million (USD112.5 million), up from KRW20.3 million in 2002. Wataniya Telecom (Kuwait) had 786,612 customers at the end of 2003, Tunisiana had 497,741 and Asia Cell 68,000.