etisalat by e& has announced the launch of its latest offering, Wi-Fi as a Service, a cutting-edge solution specifically designed to empower businesses with enhanced connectivity by extending their Wi-Fi signal and coverage throughout their premises.
e& has announced its consolidated financial results for H1 2023.
Zain KSA achieved its highest half-year profit ever during the first half of 2023, amounting to SAR 687 million, a 221% increase compared to the first half of 2022. The increase in profit is attributed to a growth in revenue during the first half of the year to SAR 4.8 billion, a 10% increase compared to the corresponding period in 2022.
Zain Omantel International (ZOI), the Middle East's premier international wholesale powerhouse, has recently formed a strategic wholesale international agreement with du from Emirates Integrated Telecommunications Company (EITC). The partnership guarantees exceptional voice, messaging and data roaming services powered by advanced 5G technology connectivity.
e& and PPF Group (PPF) have recently signed a binding agreement, bringing exciting changes to the telecom industry. e& will acquire a controlling stake (50% + 1 share economic stake) in PPF Telecom Group’s (PPF telecom division’s) assets across Bulgaria, Hungary, Serbia and Slovakia.
stc has announced the company’s preliminary financial results for the period ending June 30, 2023.
Ooredoo announced its financial results for the first six-month period of 2023. Among the highlights are figures showing strong year-on-year (YoY) revenue growth of 3%, reaching QAR 11.4 billion; a healthy EBITDA of QAR 4.8 billion with a margin of 42%; exceptional 20% YoY growth in normalized net profit, reaching QAR 1.6 billion; and an expanded customer base (including IOH) to 156.2 million, a solid 3% YoY growth.
Emirates Integrated Telecommunications Company (EITC), also known by its brand name “du,” announced its financial results for the quarter ended June 30, 2023. The company reported service revenue growth of 8.9% on the back of strong demand for postpaid mobile and fixed services. Total quarterly revenue reached AED 3.35 billion, according to the company statement.
Ooredoo Q.P.S.C. (Ooredoo) — Ticker: ORDS — has announced the appointment of Roni Tohme as the new Chief Executive Officer of Ooredoo Algeria, effective August 1, 2023, after a successful interim period as the company’s acting CEO.
Ooredoo Group, Zain Group and UAE-based TASC Towers Holding have entered into a negotiation that will see them combine their approximately 30,000 telecommunication tower assets in Qatar, Kuwait, Algeria, Tunisia, Iraq and Jordan into a jointly owned independent tower company in a cash and share deal. This new partnership will form the largest tower company in the MENA region.
