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February 07, 2016 10:21 PM ET

Specialty Retail

Company Overview of Axiom Telecom LLC

Company Overview

Axiom Telecom LLC retails and distributes mobile devices and accessories. The company offers mobiles, tablets, adaptors, batteries, Bluetooth and headsets, chargers, covers and cases, memory cards, screen protectors, portable power products, smart watches, cameras, speakers, activity trackers, Wi-Fi light bulbs, and pen drives. It also provides temporary phones for mobile repair customers; data support specialists; and SMS status updates. The company offers products online, as well as through mobile retailers and wholesalers. It also serves customers through its service hubs, stores, kiosks, and service points in the United Arab Emirates, Saudi Arabia, Bahrain, Qatar, Oman, Kuwait, the Unite...

Level 17&18 Thuraya Building No 2

PO Box 9266

Dubai Internet City


United Arab Emirates

Founded in 1997


971 4 3636555


971 4 3604555

Key Executives for Axiom Telecom LLC

Founder and Chief Executive Officer
Compensation as of Fiscal Year 2015.

Axiom Telecom LLC Key Developments

Axiom Telecom Planning To Revive IPO Plans

Axiom Telecom LLC may revive its listing plans. The company stated that the company, which abandoned an initial public offering in 2010, said that it may revive plans for the sale. Chief Executive Officer, Faisal Al Bannai stated, “An IPO isn’t off the table. We’re keeping our options open. We’re making sure that all of our paperwork and documents are up to date so we’d be ready to go for an IPO at any time if we wanted to.” Two people close to the matter, seeking anonymity, stated that Dubai Holding LLC’s Emirates International Telecommunications LLC, holding 26% stake in Axiom Telecom had hired Citigroup Inc. in 2014 in order to find potential buyers for the stake. They added that the company was planning to raise as much as $300 million from the disposal though an agreement was never reached. According to the news report, representatives of Dubai Holding declined to comment while a spokesman for Citigroup in Dubai was not immediately available to comment.

Emirates International Reportedly Planning To Sell Axiom Telecom

Dubai Holding LLC’s Emirates International Telecommunications LLC is planning to sell stake in Axiom Telecom, LLC. According to the news report, 26% stake in Axiom Telecom is up for sale. It is also reportedly looking for a buyer for its 35% stake in Tunisie Telecom S.A. Axiom Telecom’s stake is estimated to be worth $300 million. JP Morganhas valued the Tunisie Telecom stake at $650 million.

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