British mobile phone giant Vodafone logged Tuesday an annual net loss of 6.3 billion euros ($6.9 billion) after slashing the value of its troubled Indian division.
Thousands of institutions around the world were subject to a series of "WannaCry" ransom attacks over the weekend (starting Friday, May 12), causing data to be encrypted with a claim for payment. The virus was a malicious program that affects smartphones and computers, encrypts and locks their data so that it cannot be accessed until payment is made.
Zain Group has been named the region's 'Best Network Functions Virtualization and Software-Defined Networking (NFV/SDN) Solution Provider' with Zain Saudi Arabia also being singled out as having the 'Best IoT Application/Service', at the 5G MENA Awards ceremony held in Dubai, organized by Informa, a leading business intelligence, academic publishing, knowledge and events group.
The Communications Regulatory Authority (CRA) has conducted its first round of inspections for 2017 of shops selling telecommunications devices & equipment and issued a total of 159 written violation notices for shops practicing such activities without having the required license.
Sparkle, the international service arm of TIM Group and among top 10 global operators, announces that Zajil, a Kuwaiti based leading Information and Communications Technology Service Provider in the Middle East & North Africa, has opened a new PoP in Sparkle's Sicily Hub in Palermo.
MTN Group signed a non-binding preliminary agreement to invest approximately R540 million into Iranian Fixed Broadband Provider, Iranian Net, for a 49% stake, with further investments of approximately R3,4 billion in both equity and loans to facilitate Iranian Net, meeting its rollout targets over the next five years.
Gulf Bridge International (GBI), a global cloud, connectivity and content enabler, announced the finalization of a significant loan refinancing deal that will allow the company to explore new business and investment opportunities and to further support its successful transformational journey. GBI sealed QAR1 billion (US$285 million) loan refinancing deal with a major financial house in Qatar and the Arabian Gulf.
Integrated Telecom Company (ITC), the leading Information and Communications Technology Company has signed an agreement with the Communications and Information Technology Commission (CITC) to implement the high-speed fiber optic broadband initiative.
du has received prestigious recognition for its Cloud and Managed Security Services during two awards ceremonies this May. The telecommunications provider was recognized as the Best Managed Security Services provider in the Middle East by Fortinet, a global leader in high performance cyber security solutions. du was also awarded the Best Cloud Infrastructure Provider at the Cloud MENA Awards held recently.
du has entered into an agreement with Dubai Economy to educate consumers, brand owners and commercial agencies about consumer confidence and empowerment. The agreement was recently signed between Mohamed Ali Rashed Lootah, Chief Executive Officer of Commercial Compliance, Consumer Protection (CCCP) sector in Dubai Economy, and Ahmad Aburahima, Senior Vice President, Government Relations at du.