Zain Group has reported record revenue of KD2 billion ($6.4 billion) for FY2024, marking a 3% YoY growth. The company’s net income increased by 15%, and its EBITDA reached KD689 million ($2.25 billion). Zain also recommended a cash dividend of 35 fils per share for the year.
Pakistan’s telecom sector is hindered by political instability, low returns, and a dollar-based spectrum auction fee. Slow internet speeds caused by firewall installations have impacted IT businesses, leading many to relocate. Additionally, the mismatch between revenue in rupees and dollar-denominated fees worsens the financial challenges faced by the industry.
Telecommunications Minister Charles Hajj and U.S. Ambassador Lisa Johnson discussed Lebanon’s reconstruction and bilateral relations during a recent meeting. Hajj stressed the importance of stability and urged the U.S. to pressure Israel to withdraw from the five points it still occupies, citing the need for progress.
STC Group and Ooredoo Oman have signed a Head of Terms agreement to launch the SONIC Project, aimed at establishing…
Emirates Telecommunications Group reported a 10% increase in revenue for FY 2024, surpassing analyst expectations. The company’s net income rose by 4.3%, while its profit margin decreased to 18%. Despite higher expenses, the company forecasts 8.1% revenue growth over the next three years.
Mohamed Benchaaboun has been appointed as the new chair of the management board of Maroc Telecom, replacing Abdeslam Ahizoune after his 27-year tenure. The appointment follows a challenging period for the company, which was fined $630 million for unfair competition practices, exceeding its 2023 profit.
Orange Egypt has partnered with Huawei to launch SD-WAN services over the Huawei Cloud Stack (HCS) platform, the first of its kind in Egypt. This solution enhances network management, security, and user experience, supporting remote work and business continuity. The collaboration strengthens their long-standing strategic relationship.
iXAfrica has launched the first phase of its NBOX1 hyperscale data centre in Nairobi, featuring 4.5MW of IT capacity. The facility is optimized for AI-driven workloads and includes a partnership with KIXP to reduce latency and costs. It’s part of iXAfrica’s broader expansion to support cloud and digital growth.
Metito Utilities has selected SAP’s AI-powered cloud solutions, Grow with SAP, to accelerate its digital transformation. The collaboration will enhance operational efficiency, scalability, and financial agility. SAP’s cloud technologies, including S/4HANA Cloud and SAP Analytics Cloud, will streamline operations, improve decision-making, and support Metito’s sustainable growth.
Batelco by Beyon has introduced new Fiber Speed plans, offering speeds up to 2Gbps, with entry-level speeds increased from 100Mbps to 300Mbps. Existing customers benefit from the upgrade at no extra cost. This enhancement improves online experiences with faster downloads, smoother streaming, and better overall performance.
