Veon subsidiary Banglalink has agreed to sell around a third of its tower portfolio in Bangladesh to Summit Towers for $100 million. This strategic move, involving the transfer of over 2,000 towers, aligns with Veon’s shift towards a digital operator model and will help Banglalink focus on digital services expansion.
Oman Telecommunications Company Group reported a notable financial performance for the first nine months of 2023, with a 28.7% increase in net profit to RO251 million and a 10.6% growth in revenue to RO2.19 billion. Key growth drivers included increased transit voice revenue and device sales, alongside strong mobile postpaid and fixed broadband revenue. Subsidiary Zain Group also showed significant growth in both revenue and net profit.
Google Cloud has launched a new cloud region in Dammam, Saudi Arabia, to offer advanced cloud services to various sectors and support Saudi Arabia’s Vision 2030. This strategic expansion is expected to add significant economic value and job creation by 2030. The initiative includes collaborations and a focus on aiding SMEs and startups, particularly through the upcoming Google for Startups Cloud Program.
The Punjab Information Technology Board’s BizLinks initiative, launched in May 2023, aims to enhance Pakistan’s digital footprint and IT exports. It focuses on public-private partnerships, attracting Foreign Direct Investment, and leveraging PITB’s flagship products like e-Pay Punjab and e-Stamping.
Sharjah-based digital ecosystem re.life announces its expansion across the MENA region, with new offices in Saudi Arabia, Egypt, Jordan, and Turkey. The company operates ‘re.life market’ for recyclable trading and ‘re.life collect’ for logistics services. This expansion follows significant growth in 2023, with a substantial increase in transactions and user engagement on both platforms.
Telecom Egypt (ETEL) reported a 48.26% year-on-year increase in net profit for the first nine months of 2023, reaching EGP 9.148 billion. This growth is reflected in both its consolidated and standalone financial statements, with significant rises in operating revenues and net profits, underscoring the company’s strong position in the telecommunications sector.
Banglalink, Bangladesh’s third-largest mobile operator, is postponing its IPO launch due to current market conditions, including political uncertainties and underperformance of telecom stocks. The company, optimistic about a 2024 IPO, has also explored partnerships with digital banks and recently initiated a national roaming field trial with Teletalk. Challenges include non-implementation of SMP restrictions and unfeasible regulations for SIM-locked handsets.
Kaspersky announces its participation in the Black Hat 2023 conference in Riyadh, showcasing its new Managed Detection and Response (MDR) solution and Threat Intelligence service. These solutions, designed to enhance cybersecurity for organizations in Saudi Arabia, align with the country’s data sovereignty and privacy standards. Mohamad Hashem, General Manager of Kaspersky in KSA & Bahrain, highlights the company’s growth and commitment to supporting digital transformation security.
Eng. Said Hamoud Al Maawali, Oman’s Minister of Transport, Communications and Information Technology, has reaffirmed the ministry’s commitment to implementing…
Jazz, Pakistan’s leading digital operator, in partnership with AT&T, has launched Pakistan’s first VoLTE roaming services in the US. This service ensures superior voice quality and faster call setup for Jazz customers traveling to the US, especially since AT&T has discontinued its 2G and 3G services.
