Technology news and insights in the Middle East, South Asia, and Africa
Technology News and insights in the Middle East, South Asia, and Africa
Turkcell secures $150 million Murabaha financing from Dubai Islamic Bank to fund infrastructure investments in data centres, cloud, and renewable energy. The deal diversifies financing sources and attracts Gulf investors, supporting Turkcell’s long-term growth and financial resilience.
Türk Telekom’s Q1 2025 revenue rose to 45.6 billion TRY, with gross and operating profits increasing significantly. Net profit reached 5.1 billion TRY despite higher finance costs. The company aims to maintain growth through service expansion and customer experience enhancement.
Nepal Telecom’s net profit declined 48.6% to Rs 2.84 billion in the first nine months of FY 2024/25 due to a 46% drop in interest income. Customer service revenue remained steady, but overall total revenue fell. EPS dropped to Rs 21.05 from Rs 41.
Omantel reported RO 3.03 billion in revenue for 2024, driven by strong domestic growth and regional performance through Zain Group. Its new “Portal to the Future” strategy focuses on AI, cloud, fintech, and sustainability, positioning the company as a key enabler of Oman Vision 2040 and regional digital transformation.
Fawry’s first quarter of 2025 demonstrates continued growth with a 65.1% increase in revenue and a 97.1% surge in net profit. Key drivers included strong performances in Financial Services, Banking, and Supply Chain Solutions. The company remains focused on expanding its digital services while enhancing profitability and operational efficiency.
Omantel reported a 10.4% increase in sales and a 22.3% rise in net income for Q1 2025, with earnings per share rising to OMR 0.021 from OMR 0.017 in the previous year.
India’s telecom ARPU is projected to rise 10-12% in FY 2025-26, fueled by increased rural data consumption. Telecom companies are enhancing rural connectivity to expand their subscriber base. Rural areas are expected to contribute significantly to ARPU growth through higher data consumption and migration to data plans.
Sri Lanka Telecom (SLT) Group reported a significant profit growth in Q1 2025, with a profit after tax of Rs. 2.00 billion. The company saw a 3.4% revenue increase driven by Mobitel’s strong performance, alongside successful cost-reduction initiatives. SLT aims to continue its digital transformation to drive future growth.
Telecom Egypt reported strong Q1 2025 results, with a 42% YoY revenue increase, driven by Retail segment growth. EBITDA rose by 49%, and normalized net profit increased 39%. The company demonstrated enhanced operational efficiency, improved cash flow, and continued momentum in customer base expansion, aligning with its growth strategy.
Telecom Egypt reported a 37% increase in Q1 2025 net profit, reaching 1.1 billion EGP, driven by growth in broadband and mobile services. The company saw an 18% revenue increase and a 15% rise in EBITDA. Continued investments in network infrastructure and 5G capabilities support its strong performance.