Kuwaiti telco Zain has challenged a US$262m fine levied on its local unit by regulator Communication and Media Commission (CMC), arguing that it is unfounded and illegal.
In January, the CMC fined Zain Iraq for issuing 5 million SIM cards without its…
Kuwaiti telco Zain has challenged a US$262m fine levied on its local unit by regulator Communication and Media Commission (CMC), arguing that it is unfounded and illegal.
In January, the CMC fined Zain Iraq for issuing 5 million SIM cards without its approval, and gave it three months to pay.
The country has three mobile operators, Zain, AsiaCell and Korek, which all paid US$1.25bn for 15-year licences in 2007. A fourth licences is expected to become available this year.
