During the two day Silver Jubilee celebration for ITS ( International Turnkey Systems) that was held in Sharm El Sheikh from the 6th-8th of June, Dr. Saad Al Barrak key note speaker at the event stated, “ The organizations that thinks it has achieved its goals, is an organization that has written its own death certificate.”
As of today MTC Group has invested $6 billion USD in its African and Middle East markets. According to Al Barrak, “Most of these investments are a direct result of the successful expansion strategy that MTC drew four years ago and the effects of these expansions have been the strong revenues achieved by MTC over the past few years, especially that MTC now operates in 20 countries with over 21 million customers.”
When Dr. Barrak took over the helm of MTC in 2002, he based his 3X3X3 profitable expansion strategy on the old proverb, “the one who does not come up with something new and different will not succeed.” Al Barrak explained to the audience, “We knew what we wanted and we made readily available the tools we needed to get us there. The result was wonderful.”
MTC was quickly able to attain its international status in less time than what was originally planned for, “We achieved in 3 years what we thought it would take us 6 years to do. We couldn’t have done this without the talented and dedicated employee base. At MTC we built a feeling of belonging and commitment to our structure and as such MTC firmly believes that it is the Human Resource that leads to the success of any company. Organizations across the region should continually develop their human resources.”
Al Barrak concluded his speech with another firmly held belief, “Life does not wait for you, you have to take the opportunities it avails you. Ambitions should never cease to exist because ambitions are lie the horizon they exist forever”
About MTC
MTC is the pioneer of mobile telecommunications in the Middle East and now a major player on the African continent. We began life in 1983 in Kuwait as the region’s first mobile operator, and since the initiation of our “3x3x3” expansion strategy in 2002, we have expanded rapidly.
As a leading mobile and data services operator in 6 Middle Eastern and 15 sub-Saharan African countries with 9000 employees, we provide a comprehensive range of mobile voice and data services to over 21 million individual and business customers.
We operate in Kuwait and Bahrain as mtc-vodafone, in Jordan as Fastlink, in Iraq as mtc atheer, in Lebanon as mtc touch, in Sudan as Mobitel and in 15 sub-Saharan countries in Africa as Celtel: Burkina Faso, Chad, Democratic Republic of the Congo, Republic of the Congo, Gabon, Kenya, Malawi, Madagascar, Niger, Sierra Leone, Tanzania, Uganda, Zambia and Nigeria.
Listed on the Kuwait Stock Exchange (Code; Tele), MTC’s market capitalization exceeded US$11.8 billion as of May 1st 2006. For more visit: www.mtctelecom.com
