MTN continued to operate in a challenging environment for the six months ended 30 June 2016. The financial performance for the period reflects the confluence of a number of material issues, which created the ""perfect storm"". The Group has made strides towards resolving these challenges although many of these factors fall outside of its control.
Due to the economic and political factors, that made Zain KSA not reach the continuous increase, the company made a net loss of 329 million riyals ($87.8 million) in the three months to June 30 compared with a loss of 201 million riyals in the prior-year period. These losses were mainly driven by spending on its network infrastructure, the cost of new biometric fingerprint identification regulations and an increase in the cost of financing.
Etihad Etisalat (Mobily) has completed successfully the coverage of the highest tower in the Eastern Province, (Suwaiket Tower in Khobar) by FTTH technology including the installation of 344 ports to provide High speed internet service and coverage for more than 300 housing units.
The UAE has moved up four places in its position in the e-smart services index of the E-Government Development Index, EGDI, issued by the United Nations Department of Economics and Social Affairs, UNDESA, ranking in joint 8th place globally with the Republic of Estonia. The EGDI is an important component in the overall index used to determine growth in e-government development.
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Ooredoo recently became the first operator to launch 4G services in Algeria, completing the pre-launch phase, as part of its network leadership strategy. With the launch in Algeria, Ooredoo now providers 4G services in eight markets across the Middle East, North Africa, and Southeast Asia, positioning the operator as one of the leading 4G providers worldwide.
Zain Group announced its consolidated financial results for the six months to 30 June, 2016. The company ended the period serving 45.2 million customers.
Etisalat announced the launch of the UAE's first Voice over LTE (VoLTE) service. The service will allow Etisalat's mobile customers, both prepaid and post-paid, to use LTE for full voice and data services on a single LTE-enabled device.
Etisalat Group posted its Q2 consolidated financial statements on July 27 for the three months ending June 30, 2016. The company posted an impressive 51% increase in net profit compared to the same period last year, amounting to AED 2.3 billion, resulting in higher margin of 6 points to 17%.
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