Kuwait's Zain Group reported a 5% year-on-year consolidated revenue drop for the full-year 2017 to reach US$3.4 billion. The company's consolidated EBITDA for the period decreased by 19% year-on-year to reach US$1.37 billion. Zain Group Chairman Mohannad Al-Kharafi noted the "various operational, regulatory, social and forex challenges we face across our footprint."
UAE telecom brand du, part of Emirates Integrated Telecommunications Company (EITC), confirmed that it will be working to revitalize its FM Transmission Platform provided to Dubai Media Incorporated (DMI). The announcement came during the Dubai-based satellite and broadcast expo CABSAT 2018, held at the Dubai World Trade Centre.
Alfa welcomed the New Year by celebrating 2017 milestones during an evening held at Biel in Downtown Beirut, Lebanon. The celebration was held under the theme #LebanonCelebrates focusing this year on the concept of the Lebanese village and the importance of attachment to the land, which is rooted in Alfa's culture.
E-Vision, a fully-owned subsidiary of Etisalat, and popular video on-demand streaming service STARZ PLAY, announced a first-of-its kind, five-year content deal with Etisalat.
UAE telecom provider Etisalat has launched a new payment service for the Small and Medium Business (SMB) segment in the UAE. The new service, Mobile Cashier, allows for easy on boarding and affordable mobile point-of-sale that enables SMBs to accept card payments from their customers, while enjoying mobile business plan benefits anywhere in the UAE, the company said.
Saudi Telecom Company (STC) reported an annual net profit increase of 14.3% compared to the previous year, for the period ending 31 December 2017, to reach SR 10,174m. Gross profit for the year reached SR 29,555m, an increase of 3% compared to the previous year. STC CEO Dr. Khaled Biyari touted the company's cost optimization initiatives and the shift in its strategy with a clear focus towards digitization.
UAE telecom operator Etisalat's former Nigerian operation, rebranded as 9mobile, will be purchased for $500 million by investment firm Teleology Holdings. An auction was held for the troubled operator, which became a new brand in the Nigerian telecom market in mid-2017 after Etisalat pulled out of the country.
US telecommunication giant Verizon has moved to ease fears concerning a drop in its wireless service revenue by claiming the decline is a result of its increased focus on its 5G mobile plans.
Saudi Telecom Company (STC) and US industrial materials manufacturer Corning Incorporated announced that Corning will supply and share its FTTH optical solutions with STC, as an enabler to the STC national network for high-speed connectivity and fiber-to-the-home (FTTH) applications.
UAE telecom operator du, part of Emirates Integrated Telecommunications Company (EITC), has been recognized as a leading global provider of broadcast services according to The World Teleport Association (WTA).