Zain Group, has successfully tendered to continue managing one of Lebanon's two mobile operations, MIC2 (Mobile Interim Company 2, which is branded as mtc touch) for an additional year commencing February 1, 2009, extendable for one year as per the new management agreement terms set by the Lebanese Ministry of Telecommunications. By offering the most competitive price to run the network, Zain, through mtc touch in Lebanon, is committed to increase its customer base by an additional 400,000 as part of a rapid and committed government-funded expansion plan. Currently mtc touch has over 800,000 active customers.
Commenting on the successful tender, Dr Saad Al Barrak, CEO of Zain, stated, "We are delighted to have won and look forward to consolidating the commitment to Lebanon we started more than four and half years ago. We look forward to the privatisation of the mobile sector and are hopeful that we can secure a long term licence to operate in this promising country."
In June 2004, Zain commenced a four-year agreement with the Lebanese government to manage one of the country's two existing mobile networks. In November 2004, the operation was branded as mtc touch and today is the only one of Zain's 22 operations not owned by the Zain Group.
With a strong level of commitment to the local workforce, 100% of mtc touch's employee base is comprised of highly-qualified Lebanese. mtc touch has dominated the Lebanese mobile market with a 60% share and an ongoing commitment to provide Lebanese customers with diversified portfolio of services, such as Credit Transfer, Roaming on Aircrafts, Data Roaming, Electronic Auction of Special Numbers, EDGE Technology covering all Lebanon, and Blackberry facilities.