MTS, known for its prominent brands Altel and Tele2, is Kazakhstan’s leading provider of ultrafast 5G connectivity
telecommunications
Latest in telecommunications
Beyond ONE
Virgin Mobile rolls out unique ‘Switch Postpaid’ plans in Saudi Arabia
The plan allows customers to pay only for the data they consume
Connectivity
Thuraya 4 set to enhance Space42’s capabilities after successful launch
The highly-advanced sixth geostationary satellite will help the UAE-based SpaceTech company’s plans to introduce 15 new products
acquisitions
Etihad Atheeb (GO) signs MoU to acquire 51% stake in Saudi IT venture EjadTech
The stake acquisition is valued at $23.07 million
Airbus
Airbus delivers UAE’s latest telecom satellite to Florida launch site
Space42 says the new satellite will enable the company to introduce more than 15 new products once operational
PIF
Saudi Arabia’s PIF sells 2% stake in stc for over $1bn
PIF maintains ownership of 3.1 billion shares, equivalent to 62 percent of stc’s issued share capital, following the transaction
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
acquisition
UAE’s e& completes majority stake acquisition in PPF Telecom
New company to be called ‘e& PPF Telecom’; Total transactional value is Euro 2.15 billion, alonside some other considerations
cyber fraud
India launches system to block international spoofed calls amid rising cyber fraud
Of late, cyber criminals have been committing cyber-crimes by making international spoofed calls displaying Indian mobile numbers
DIFC
Billion-dollar telco VEON announces plan to relocate to Dubai
The company will move its HQ from Amsterdam to Dubai
bond issuance
Qatar’s Ooredoo’s $500mn bond oversubscribed 3.6 times
Annual coupon rate of 4.625%; Priced with a spread of 88 basis points over 10-year US Treasuries, the tightest in Ooredoo history
5G
FRiENDi mobile partners with Vodafone Oman to deliver 5G next level connectivity
The collaboration will allow FRiENDi mobile to provide an unparalleled service experience to its 800k customers across the country, starting December 2024
Abu Dhabi Securities Exchange
e& gets EC go-ahead in its $2.4bn acquisition of PPF Telecom
The UAE telecom giant to grow to 20 countries after taking ca ontrolling stake in PPF’s assets in Bulgaria, Hungary, Serbia, and Slovakia
Abu Dhabi Securities Exchange
UAE’s e&’s stake in Vodafone goes past 15% post buyback
Vodafone bought back 18,504,238 of its own shares from the market which reduced total share capital and increased e&’s stake
Emirates Integrated Telecommunications Company (EITC)
UAE telco du reports 54.2% net profit increase in H1 2024
The company’s revenue grew 5.7 percent to AED 7.174 billion, compared to AED 6.787 billion in H1 2023
e&
e& expresses disappointment with Morocco court’s decision to reject Maroc Telecom appeal
The firm stated that it would continue to pursue legal avenues to appeal the ruling
Broadband
e&’s ‘revolutionary’ new technology can boost UAE internet speed to 50Gbps
The 50G PON technology in live network is a substantial improvement on the previous GPON and XGS-PON technologies