The fund, which sold 6 per cent of stc for $3.2bn in 2021, will keep a 62 per cent stake in the telecoms group after the offering
SAMENA Council’s Bocar A. BA discusses advancements in telecoms and how the SAMENA Council’s strategic initiatives align with the United Nations’ Connect 2030 agenda and sustainable development objectives
The investment represents a pivotal moment in e&’s international strategy to scale and add resilience to its operational profile
The partnership brings du into the Orange Alliance Program, a global initiative by Orange aimed at enhancing collaboration with telecom companies across the globe
The integration will drive positive impacts for Qatar’s economy and consumers, enhancing the country’s digital infrastructure ecosystem and global position as a digital hub
Themed “Gathering Leaders for Progress with AI-Driven Digitalisation”, the event witnessed strategic partnerships and discussions on the future of AI, 5G, cloud computing and smart cities
e& has secured “all regulatory approvals” and “closing of the deal remains subject to customary remaining closing terms”
The initiative is expected to drive economic growth, job creation, and technological innovation across the region
Top GCC telcos are looking for new ways to expand their businesses and diversify revenue streams as they reinvent themselves as techcos
If the Saudi telecoms giant succeeds with a deal for United Group, it will further its expansion into Europe
The Abu Dhabi-listed firm said it “continually reviews relevant market opportunities with the objectives of maximising shareholder value”
The company’s UAE subscriber base grew 4.5 per cent annually to 14.5 million while aggregate subscribers rose by 5 per cent to 173 million
The deal is subject to regulatory approvals and it is expected to be closed in the second half of 2024
The group is set to reinvest in building networks of the future to accelerate technology adoption and increase fibre penetration and fast mobile network speeds
The loan will be used to finance or refinance eligible sustainable development projects covering a range of areas, including renewable energy
The telecoms operator amassed a EUR2.1bn ($2.23bn) stake, consisting of 4.9 per cent of Telefonica’s shares and financial instruments in September
With this investment, Mubadala will become a minority partner alongside majority partners managed by Macquarie Asset Management
Once the transaction is closed, e& will fully consolidate the acquired assets under the e& international vertical
The group has a record subscriber base of 165 million users as of June 30, the highest in the company’s history
The company is leveraging cutting-edge technology and a user-centric approach to empower travellers with seamless access to mobile networks
The three entities are proceeding with negotiations with the aim to sign definitive agreements in Q3 2023
The venture will manage all international wholesale requirements of Zain and Omantel operations in eight countries
According to the group, the total annual dividend per share stands at Dhs0.8
The company plans to use the proceeds from the new investment to accelerate its ambitious vision to create the first ‘everything app’
Vodafone oversees a sprawling portfolio across more than 20 countries serving over 300 million wireless customers
The collaboration includes a focus on business-to-business engagement across large enterprises, governments, and small and medium-sized businesses
The Public Investment Fund offered 120 million shares in Saudi Telecom at SAR100 each
Its revenues reached Dhs13.3bn, an increase of 2 per cent year-on-year
Its revenues grew 6.9 per cent year-on-year to Dhs2.874bn
Riyadh has been the hottest market for IPOs in the Middle East over the past two years