August 28, 2016 12:46 PM ET

Diversified Telecommunication Services

Company Overview of Umniah Mobile Company PSC

Company Overview

Umniah Mobile Company PSC provides integrated telecommunication services to personal, home, and business customers in Jordan. It offers mobile services, such as postpaid plans, prepaid plans, international and roaming, and messaging services. The company also provides Internet services, such as Internet security services. In addition, it offers devices, including mobile phones, tablets, and Internet devices through online. Further, the company provides services, such as digital services. Furthermore, it offers voice solutions, such as business mobility and corporate voice services. Furthermore, the company provides connectivity solutions, including hosting and cloud, and machine to machine s...

Queen Noor Street

Shmeisani Area

PO Box 942481

Amman,  11194

Jordan

Founded in 2005

Phone:

962 788 001333

Fax:

962 6 562 1544

Key Executives for Umniah Mobile Company PSC

Chief Executive Officer
Age: 48
Chief Financial Officer
Head of Legal Affairs
Director of Human Resources and Corporate Affairs
Distribution & Customer Care Director
Compensation as of Fiscal Year 2016.

Umniah Mobile Company PSC Key Developments

Umniah Launches High-Speed Internet Service 4G Mobile Network “Evo 4G” and LTE Fixed Network

Umniah announced the launch of its High-Speed Internet services through two networks for the first time in Jordan; 4G Mobile network under the brand name “evo 4G”, and LTE Fixed network for homes and businesses. The company emphasized that it has rolled out a nationwide 4G mobile network, which provides mobile data services to individuals. The company also launched its LTE Fixed network targeting homes and businesses.

Batelco Scraps Umniah Sale

Bahrain Telecommunications Company BSC (BAX:BATELCO) has abandoned its plans to sell Umniah Mobile Company PSC. In a statement to the Bahraini bourse, Batelco General Manager of corporate affairs Ahmad Hussein Al Janahi said, "'having explored received interest, the Batelco Board of Directors has decided that it is in the best interest of stakeholders to retain its full ownership of Umniah and not to progress any further with the sale process.

Batelco Cancels Plans To Sell Umniah

Bahrain Telecommunications Company BSC (BAX:BATELCO) has cancelled its plans to sell Umniah Mobile Company PSC. Chief Executive Officer Ihab Hinnawi said, "We're going to terminate the sale process." He adds, "It's not an optimal time to sell, it's an optimal time to buy. Prices are reducing, the appetite of so many big players is declining and many are over-leveraged. We have a healthy balance sheet ... we shouldn't let go of an asset that has added a lot of value."

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Recent Private Companies Transactions

Type
Date
Target
No transactions available in the past 12 months.
 

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