Etisalat has submitted interest in buying the 53 per cent stake in Morocco’s Maroc Telecom, valued at around $5.8 billion.
A 26 per cent rise in customers helps the operator trim its losses.
The Kingdom will be only the second country in the GCC to permit MVNOs.
The Saudi operator accounted for 41 per cent of Saudi telecom revenue in the first nine months of 2012.
As Tata Communications continues investing in the region, Radwan Moussalli, managing director – MENA, Tata Communications reveals the impact of network outages on Middle East companies.
The telecoms operator plans to use the funds for the future growth of its business.
Qatar telecom, along with its Kuwaiti arm Wataniya, now owns a 90 per cent stake in Tunisiana.
Asiacell will sell 67.503 billion shares at a price of at least 22 Iraqi dinars per share.
The telecoms operator signed a $100 million three-year loan facility with Singapore’s DBS Bank last week.
The telecoms operator covered the costs Zain Saudi owed the U.S. firm.
Qtel has mandated six banks to help arrange the potential bond, which is expected to be at least $500 million.
While Etisalat has to pay a royalty of 15 per cent on its revenues, du will initially need to pay a revenue royalty of five per cent.
Group owner Vivendi is selling 53 per cent of its stake in the Moroccan mobile operator.
The telecoms operator faced a two-week ban on SIM card sales over provisioning requirements.
The deal includes assets in Monaco, Maldives, the Seychelles and Channel Islands.
Scott Gegenheimer resigned from telecom operator Wataniya six months ago.
Each shareholder will receive one new bonus share for every 10 held.
The telecoms operator has postponed the maturity date of the murabaha facility to December 19.
Etisalat’s Saudi unit, Mobily, has been banned from selling pre-paid SIM cards by the Kingdom’s regulator.
Mobily will not able to resume sales of pre-paid cards until it meets provisioning requirements.
The telecom firm has formed a new alliance with the Californian company to bring faster internet speeds to the Gulf.
The deal, mandated by Qatar Islamic Bank, runs for 18 months.
The Omani telecoms operator reported a net profit of $2.6 million in the third quarter of the years.
Telecoms companies in the GCC continue to seek control and profits by bulking up their presence in foreign firms.
The Bahraini telecoms firm accused Siva Ltd of not adhering to a settlement agreement over their joint venture S Tel.
The UAE’s leading operator reported third-quarter net profit of Dhs2.21 bilion and revenue of Dhs8 billion.
Third quarter results for the Kuwaiti operator sees profits down as its CEO announces his desire to stand aside early next year.
The company made a third quarter net profit of 1.07 billion riyals while domestic revenue for the first nine months rose 9.4 per cent.
The UAE telecoms operator made a net profit after royalty of Dhs326.9 million in the third quarter.