Zain Enters Syrian Telecom Market After MTN’s Exit, Secures New Mobile Network Licence
Kuwaiti telecommunications giant Zain is set to become Syria’s newest mobile network operator after securing a licence to operate in the country, marking one of the largest foreign investments in Syria’s telecom industry since its political transition.
Under the agreement, Zain will hold a 75% stake in the new telecommunications operation, while Syria’s sovereign wealth fund will retain the remaining 25%.
Zain to Acquire Former MTN Syria Infrastructure
Rather than building an entirely new network, Zain is expected to acquire infrastructure previously operated by MTN Syria, including telecommunications towers, equipment, backup power systems, and related facilities.
This acquisition gives the company an immediate operational footprint and significantly reduces deployment costs.
| Deal Structure | Details |
|---|---|
| Majority Owner | Zain (75%) |
| Minority Owner | Syrian Sovereign Wealth Fund (25%) |
| Infrastructure Source | Former MTN Syria assets |
| Licence Duration | 20 years |
Syria’s Push to Attract Foreign Investment
The agreement reflects Syria’s renewed efforts to attract regional investment following years of political instability and economic isolation.
Telecommunications has emerged as one of the priority sectors due to its importance for economic recovery, digital banking, education, government services, and business operations.
The Zain agreement follows another major telecommunications investment announced earlier this year involving Saudi Arabia’s STC, which plans to help develop Syria’s SilkLink fibre-optic infrastructure.
How MTN’s Departure Created an Opportunity
MTN first entered Syria in 2002 but gradually reduced its presence due to sanctions, regulatory disputes, and operational challenges. In March 2026, the South African telecom company finalized its exit agreement with Syrian authorities.
Following MTN’s departure, Syria launched an international tender process for a new 20-year mobile licence, eventually paving the way for Zain’s entry.
A Strategic Expansion for Zain
Founded in 1983, Zain currently operates across eight markets in the Middle East and Africa. The company’s expansion into Syria strengthens its regional presence while positioning it to benefit from the country’s economic reopening.
For Syria, the agreement represents more than a telecom investment. It signals the country’s broader attempt to reconnect with regional markets and attract international capital after years of conflict and economic isolation.
