The Pakistan Telecommunication Authority (PTA) has confirmed that internet services in the country have been fully restored after resolving issues with the South East Asia-Middle East-Western Europe 4 (SMW4) and Asia-Africa-Europe 1 (AAE-1) submarine cables. This resolution eliminates the 1,750 Gbps shortfall, ensuring optimal internet performance.
Jazz has completed its second unsecured Sukuk issuance, raising Rs15 billion, significantly oversubscribed with 4x demand from the non-bank market. The funds will enhance Jazz’s 4G network expansion, aiming to provide digital services to over 71.5 million customers across Pakistan, reinforcing its commitment to bridging the digital divide.
Accenture and du have partnered under a five-year contract to enhance the application development and maintenance of du’s IT landscape. This collaboration aims to improve agility and market responsiveness while adopting new technologies such as generative AI and advanced analytics, supporting du’s digital-first strategy.
Majid Al Futtaim Entertainment has launched “Activate,” a state-of-the-art active gaming facility in City Centre Mirdif, Dubai, in partnership with Activate Games. This innovative venue features nine dynamic game rooms with over 50 interactive games, suitable for players aged six and up, combining physical activity with gaming entertainment.
BRAC University has partnered with Turkish technology firm Nigella World to establish Bangladesh’s first Blockchain Academy. This initiative aims to develop a skilled workforce in blockchain technology, with initial applications in agriculture and finance, positioning Bangladesh as a leader in blockchain education and supporting its digital economy.
Telenor Pakistan reported a 6.7% revenue increase for Q3 2024, totaling Rs. 30.11 billion, despite challenging economic conditions. The company achieved an organic growth rate of 8%, though its subscription base declined by 3%. Average Revenue Per User (ARPU) rose by 11%, contributing to a robust 9% growth in EBITDA.
Otaxi has partnered with ITHCA Group and Yango Group to enhance mobility services in Oman, integrating digital solutions to modernize local taxi services. This collaboration aims to improve the digital infrastructure, introduce a parcel delivery service, and facilitate the upcoming launch of the Yango superapp in Oman.
Orange Morocco and Chari.ma have partnered to enhance the digital transformation of local retailers in Morocco. By integrating Orange’s services into Chari.ma’s e-commerce app, this collaboration aims to improve the efficiency and competitiveness of small businesses while supporting the Morocco Digital 2030 strategy for financial inclusion.
Africa Finance Corporation (AFC) reports that subsea cables significantly enhance internet connectivity in Africa, with the new Equinao cable set to increase speeds by up to five times in Nigeria and reduce prices by 16-21% by 2025. However, 60% of Africans still lack internet access.
Banglalink and Symphony have collaborated to launch the Symphony EVO 10, an affordable 4G phone supporting VoLTE calls, as part of the “My First 4G Phone” campaign. Buyers receive a six-month free internet package, including 9GB of data, enhancing connectivity for new and existing users nationwide.
