MTS, known for its prominent brands Altel and Tele2, is Kazakhstan’s leading provider of ultrafast 5G connectivity
mobile operator
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Connectivity
UAE telco du posts its best ever 9M results as net profit surges 49.7%
The telecom company’s Q3 net profit was $195.8 million – its best quarter in the past three years
Connectivity
India’s Reliance Jio rolls out affordable roaming packages for UAE, US
Jio has introduced in-flight data packages for 22 airlines, spanning 51 countries, with various benefits and pricing options
acquisitions
Priora Management Holding Dubai acquires Virgin Mobile Middle East and Africa
The deal is the first foreign ownership transaction to be approved under the 2021 Royal Decree sanctioning FDI and full ownership of organizations in a number of sectors within Saudi Arabia
earnings
As profit soars spurred by service revenues, EITC becomes a debt-free company
Owner of du and Virgin Mobile reports 12.7 percent increase in net profit to AED319 million for Q3 2022; mobile subscriber base grows 14.7 percent to 7.4 million
CITC
Saudi Arabia doubles number of mobile virtual network operators in digital push
Saudi Arabia’s digital regulator awards licences for Salam Mobile and Red Bull Mobile
Capital Markets
Saudi’s PIF raises $3.2bn from stc share sale
Sale marked the largest equity capital markets transaction in Saudi Arabia since the 2019 listing of the country’s oil giant Saudi Aramco
5G
UAE telco Du reveals 7.1% drop in Q3 profits despite rise in revenues
Financial results revealed a net profit of $77.1m, while revenues were up to $783m, fuelled by demand for broadband services and 5G handsets
millennials
Why mobile phone and online purchasing prepaid and top-up plans are on the rise
UAE and Saudi Arabia among the biggest markets for prepaid mobile cards with millennials fuelling demand
mobile operator
Vodafone to enter Omani market as sultanate’s third mobile operator
The company will operate as Vodafone Oman following a partnership with Oman Future Telecommunication
cyber attack
Twitter blames mobile carrier for Dorsey’s account hack
More than 15 tweets, many containing obscenities and racist comments, were posted on Dorsey’s account
consumer behaviour
Revealed: which UAE sectors are failing on customer satisfaction
Service Hero survey shows UAE consumers are far from happy with services provided in some sectors
4G
Baghdad is safer than Chicago, says Zain Iraq CEO Ali Al Zahid
War and weak customer spending is a nightmare for most companies, but not Iraq’s largest telco. led by its ambitious CEO, Ali Al Zahid, Zain Iraq is witnessing a surge in profits
Abu Dhabi
Abu Dhabi’s Etisalat plans $2bn buyback
Buyback is intended for cancelling or reselling the shares
Etisalat
UAE telco Etisalat Q4 profit falls 12%
UAE telecoms company Etisalat on Wednesday reported a 12 percent fall in fourth-quarter profit, according to Reuters calculations.
Etisalat, which directly and indirectly operates in countries across the Middle East, Africa and Asia, made a net profit of 1.97 billion dirhams ($536.4 million), in the three months to Dec. 30, Reuters calculated from annual financial statements […]
3G
Palestinian firms plan to finally offer 3G mobile service
Israel previously blocked Palestinian mobile companies’ access to the necessary frequencies