Kuwait-Mubasher: Mobile Telecommunications (Zain) has been witnessing positive performances in Bahrain, Jordan, Saudi Arabia, and Sudan, pinpointing that the company's strategy is fundamentally solid in driving the business forward, said Chairman Asaad Al Banwan.

“We have invested significantly in 3G / 4G network expansion upgrades and spectrum licence fees across all our markets in order to improve the mobile experience for our customers,” said the chairman.

Zain Group’s investments in capital expenditure stood at $797 million (excluding Zain Saudi Arabia) which represented 21% of the company’s revenues, the chairman said, adding that this reflected Zain’s commitment to innovation and quality of service.

On another note, CEO Scott Gegenheimer said “Our efficiency and optimisation initiatives are producing tangible positive results reflected in our improving EBITDA margin of 44% and 45% for the full-year and fourth quarter respectively.”

“We have incurred an additional amortisation cost of $52 million on 3G and 4G spectrum licence fees in two key markets which impacted our bottom line for the year. We do still draw encouragement from our overall performance in the fourth quarter of 2015, which saw EBITDA and net income increasing 7% and 8% Q-o-Q respectively,” added the CEO.