Saudi Zain signs a million subs in first month

17 Dec 2008

Zain Saudi Arabia, the cellular operator which launched the country’s third national mobile network in August, says it had signed almost a million subscribers by the end of September. ‘Things are moving much faster than expectations,’ company executive Marwan Al-Ahmadi told Reuters. Around 90% of Zain’s subscribers have signed to pre-paid packages. The firm says it expects to turn its first profit in its second full year of operation and it aims to have networks covering up to 95% of the population within two years, up from 55% currently. ‘Our ultimate aim is to get a third of the market,’ Al-Ahmadi said. ‘This is definitely not going to happen in the short term… I believe we should be able to achieve it in the range of five years.’

Saudi Arabia, Zain Saudi Arabia