October 02, 2014 12:32 AM ET

Specialty Retail

Company Overview of Axiom Telecom LLC

Company Overview

Axiom Telecom LLC retails and distributes mobile devices and accessories. The company offers mobiles, tablets, adaptors, batteries, Bluetooth and headsets, chargers, covers and cases, memory cards, screen protectors, portable power products, smart watches, cameras, speakers, activity trackers, Wi-Fi light bulbs, and water proofing products. It also provides temporary phones for mobile repair customers; data support specialists; and SMS status updates. The company offers products online, as well as through mobile retailers and wholesalers. It also serves customers through its service hubs, stores, kiosks, and service points in the United Arab Emirates, Bahrain, Qatar, Kuwait, Saudi Arabia, an...

Level 17&18 Thuraya Building No 2

PO Box 9266

Dubai Internet City

Dubai,  

United Arab Emirates

Founded in 1997

Phone:

971 4 3636555

Fax:

971 4 3604555

Key Executives for Axiom Telecom LLC

Founder and Chief Executive Officer
Compensation as of Fiscal Year 2014.

Axiom Telecom LLC Key Developments

Axiom Telecom Planning To Revive IPO Plans

Axiom Telecom LLC may revive its listing plans. The company stated that the company, which abandoned an initial public offering in 2010, said that it may revive plans for the sale. Chief Executive Officer, Faisal Al Bannai stated, “An IPO isn’t off the table. We’re keeping our options open. We’re making sure that all of our paperwork and documents are up to date so we’d be ready to go for an IPO at any time if we wanted to.” Two people close to the matter, seeking anonymity, stated that Dubai Holding LLC’s Emirates International Telecommunications LLC, holding 26% stake in Axiom Telecom had hired Citigroup Inc. in 2014 in order to find potential buyers for the stake. They added that the company was planning to raise as much as $300 million from the disposal though an agreement was never reached. According to the news report, representatives of Dubai Holding declined to comment while a spokesman for Citigroup in Dubai was not immediately available to comment.

Emirates International Reportedly Planning To Sell Axiom Telecom

Dubai Holding LLC’s Emirates International Telecommunications LLC is planning to sell stake in Axiom Telecom, LLC. According to the news report, 26% stake in Axiom Telecom is up for sale. It is also reportedly looking for a buyer for its 35% stake in Tunisie Telecom S.A. Axiom Telecom’s stake is estimated to be worth $300 million. JP Morganhas valued the Tunisie Telecom stake at $650 million.

Axiom May Seek An IPO

Axiom Telecom, LLC may seek an initial public offering (IPO). Faisal Al Bannai, Chief Executive Officer of Axiom said, “Long term we would absolutely like to stage an IPO. At the end of the day the shareholders are investing in any company to make a return, which can come in many forms; you can go public, sell to someone else, or just survive on your dividend, I guess it all depends on where we are at a certain point in time and what's required and at the same time. For now it would all depend on how the different markets look when we make a decision.”

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Recent Private Companies Transactions

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