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Kuwait's Zain eyes China, India expansion - paper

Sun Mar 30, 2008 1:34pm IST
 
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KUWAIT (Reuters) - Kuwait's Mobile Telecommunications Co (Zain) wants to expand into India and China, chairman of the third-biggest Arab telecom firm by market value said in remarks published on Sunday.

"Naturally, Zain is looking at emerging markets such as India and China as part of our expansion course," Asad al-Banwan said, according to Arabic-language daily al-Qabas.

Zain had talked with a Chinese delegation, the paper said, without being more specific.

As it faces growing competition in its home market, Kuwait's largest telecom firm has expanded into Africa since buying Netherlands-based Celtel in 2005. It also owns a stake in Saudi Arabia's third mobile phone operator.

Russian Finance Minister Alexey Kudrin poses with his G20 colleagues and central bank leaders during the family photo at the G20 Finance Ministers meeting at a hotel in St. Andrews, Scotland. REUTERS/POOL New
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