Zain Iraq to invest 15% of revenues in CAPEX in 2013

Zain Iraq plans to invest around 15 per cent of its revenues this year on network upgrades and expansion and has confirmed that it will deploy a 3G service as soon as the regulator grants approval.

Last year the company invested US$200 million in its network, and this year that figure should top US$260 million, based on revenue estimates.

Zain Iraq’s CFO, Wael Ghanayem told The National newspaper in the UAE that the operator is already working with Ericsson, Nokia Siemens Networks and Huawei on 3G infrastructure plans.

He added that the regulator is in the final stages of preparing the 3G spectrum allocation.