July 27, 2017 8:04 PM ET

Internet Software and Services

Company Overview of M-Net for Automated Banking Services

Company Overview

M-Net for Automated Banking Services provides mobile payment services in the Middle East. The company offers its services through a network of merchants. M-Net for Automated Banking Services was founded in 2003 and is based in Kuwait with a data center in Augsburg.

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Kuwait

Founded in 2003

Key Executives for M-Net for Automated Banking Services

General Manager
Compensation as of Fiscal Year 2017.

M-Net for Automated Banking Services Key Developments

M-net Opens New Partner Shop in Maxvorstadt Area of Munich

M-net has opened a new partner shop in the Maxvorstadt area of Munich, its 14th shop in the city. Separately, the operator has announced a new partnership with 3CX.

M-Net Announces Revenue Results for the Year 2015

M-Net announced revenue results for the year 2015. The company reported continued growth in 2015, with a 6% revenue increase to EUR 218 million. The regional operator saw growth in both consumer and business customers and ended the year with a total base of over 380,000 subscribers, of which nearly a third on fibre.

M-Net Launches M-Net TVplus

M-net has announced it will expand its IPTV service with "M-net TVplus" by offering its subscribers more than 100 channels and the chance to play up to three different programmes on several devices at the same time. The service will initially become available as an upgrade in select areas in combination with a fibre broadband connection of at least 50 Mbps.

Similar Private Companies By Industry

Company Name Region
Aiwa Gulf General Trading Company Middle East/Africa
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Design Master Middle East/Africa
Grand International Company Middle East/Africa

Recent Private Companies Transactions

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

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