#Telecoms

Qatar: QIA merges telecom businesses to create digital infrastructure giant

Qatar: QIA to merge telecom businesses to create digital infrastructure giant

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

Signature CEO Panel at Envision 2024 Image 2

Du shines the spotlight on AI, digital innovation at Envision 2024

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

EU assessing deal by e& Group for Czech PPF’s assets

e& Group secures EU approval to buy Czech PPF’s telecoms assets

e& has secured “all regulatory approvals” and “closing of the deal remains subject to customary remaining closing terms”

Qatar’s Ooredoo supercharges data centres with NVIDIA AI tech

Qatar’s Ooredoo supercharges data centres with NVIDIA AI tech

The initiative is expected to drive economic growth, job creation, and technological innovation across the region

GCC telcos embrace tech to diversify revenue streams

GCC telcos embrace tech to diversify revenue streams

Top GCC telcos are looking for new ways to expand their businesses and diversify revenue streams as they reinvent themselves as techcos

stc Group considers possible offer for United Group

Saudi Arabia’s stc Group considers possible offer for United Group

If the Saudi telecoms giant succeeds with a deal for United Group, it will further its expansion into Europe

e& Group refutes reports of potential United Group deal

e& Group refutes report of potential United Group deal

The Abu Dhabi-listed firm said it “continually reviews relevant market opportunities with the objectives of maximising shareholder value”

e& Group’s Q1 subscriber base jumps to 173 million

e& Group’s subscriber base grows to 173 million in Q1 2024

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

PIF agrees to acquire 51% stake in stc Group’s tower company

Saudi Arabia’s PIF, stc Group to create region’s largest tower company

The deal is subject to regulatory approvals and it is expected to be closed in the second half of 2024

e& allots $6bn to boost connectivity in 16 markets

UAE’s e& to invest $6bn to advance connectivity in 16 countries

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

solar energy

UAE’s e& secures Dhs366m loan for green projects

The loan will be used to finance or refinance eligible sustainable development projects covering a range of areas, including renewable energy

Saudi Arabia’s stc Group 9.9% Telefonica stake

stc Group sticks to plan for 9.9% Telefonica stake, sources say

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

Mubadala invests in Aligned Data Centers Image Mubadala Aligned

Mubadala invests in US-based Aligned Data Centers

With this investment, Mubadala will become a minority partner alongside majority partners managed by Macquarie Asset Management

e-acquires majority-stake acqusiition-in-PPF Telecom -Image-e& Group

UAE’s e& eyes further expansion, acquires Czech PPF Group’s telecom assets

Once the transaction is closed, e& will fully consolidate the acquired assets under the e& international vertical

e& Group’s Q2 profit jumps 3.8% to $681m

e& Group’s Q2 profit jumps 3.8% to $681m on subscriber growth

The group has a record subscriber base of 165 million users as of June 30, the highest in the company’s history

Airalo secures $60m in Series B funding round led by e& Capital

Airalo raises $60m in Series B fundraising round led by e& Capital

The company is leveraging cutting-edge technology and a user-centric approach to empower travellers with seamless access to mobile networks

Ooredoo mulls tower assets merger with Zain and TASC

Qatar’s Ooredoo, Zain, TASC in talks to merge tower assets

The three entities are proceeding with negotiations with the aim to sign definitive agreements in Q3 2023

Zain HQ Building 2021

Zain Group creates global wholesale services JV with Omantel

The venture will manage all international wholesale requirements of Zain and Omantel operations in eight countries

e& AGM photo courtesy WAM

UAE’s e& approves cash dividends for H2 2022 at Dhs0.4 per share

According to the group, the total annual dividend per share stands at Dhs0.8

Careem

UAE telecoms giant e& Group acquires $400m stake in Careem Super App

The company plans to use the proceeds from the new investment to accelerate its ambitious vision to create the first ‘everything app’

UAE telecom firm e& pays $4.4bn for 9.8% of Vodafone

Vodafone oversees a sprawling portfolio across more than 20 countries serving over 300 million wireless customers

UAE’s e& builds on existing partnership with Microsoft

The collaboration includes a focus on business-to-business engagement across large enterprises, governments, and small and medium-sized businesses

Saudi wealth fund PIF raises $3.2bn from sale of STC stake

The Public Investment Fund offered 120 million shares in Saudi Telecom at SAR100 each

Etisalat

UAE-based Etisalat Group reports net profit of Dhs2.4bn, up 1% in Q3 2021

Its revenues reached Dhs13.3bn, an increase of 2 per cent year-on-year

EITC

UAE telco du net profit down 65.6% in Q3 2021

Its revenues grew 6.9 per cent year-on-year to Dhs2.874bn

Saudi internet-services firm sets IPO price at top end of range

Riyadh has been the hottest market for IPOs in the Middle East over the past two years

etisalat

UAE telco Etisalat’s mobile subscribers do not require data plans to access Al Hosn app

The Al Hosn app is now whitelisted, so any data consumed by both prepaid and postpaid customers while using it will not come off a mobile subscribers’ allowance

Etisalat appoints new CEO for UAE operations

Masood M Sharif Mahmood has been appointed to the newly created role

Etisalat

UAE telco Etisalat announces 6G plans

According to experts, 6G will bring about much faster data speed as well as lower latency and higher reliability than 5G

Virgin Mobile Middle East and Africa

Virgin Mobile Middle East and Africa to eliminate single-use plastics in SIMs and recharge cards

It is aiming for its operations to become carbon neutral by the end of 2021