PTCL Faces Financial Losses Despite Revenue Growth; Finance Ministry Warns on Telenor Acquisition Risks
PTCL reports Rs7.2bn loss in H1 FY25; finance ministry warns of risks tied to Telenor Pakistan acquisition affecting digital transformation.
Financial
Read More
Jordan’s Tourism Sector Sees Strong Growth in First Half of 2025
Jordan’s tourism sector recorded an 18 percent increase in visitor numbers and a 16 percent rise in tourism revenues in the first half of 2025. Key destinations like the Dead Sea saw significant growth, supported by infrastructure development, targeted marketing, and public-private collaborations enhancing accessibility and services.
Orange Egypt Secures $80 Million Loan to Acquire 5G License and Expand Next-Gen Network
Orange Egypt secured an $80 million syndicated loan from EBRD and Banque Misr to fund its 5G license acquisition and network expansion. The upgrade aims to improve connectivity, foster digital services growth, and reduce carbon emissions, supporting Egypt’s digital transformation and sustainability goals.
Morocco Telecom Group Raises Over €272 Million in Landmark Private Bond Issuance to Fuel African Expansion
Morocco Telecom Group has raised over €272 million through its first private bond issuance, attracting strong investor interest and signaling financial strength. The funds will support network upgrades, digital initiatives, and expansion across Africa, boosting the company’s capacity for growth and innovation in a competitive telecom market.
Free WiFi Hotspots by ISPs Cost Nepal’s Telcos Rs 14 Billion Annually Amid Revenue Concerns
Free WiFi hotspot services by Nepal’s ISPs are reported to cost telcos Rs 14 billion annually by reducing mobile data usage, fueling revenue concerns amid regulatory disputes and licensing fee imbalances. The Nepal Telecommunications Authority is considering shutting down these services, potentially affecting consumer internet access practices.
e& Increases Effective Stake in Vodafone to 16% Following Share Buyback Program
UAE’s e& now holds a 16% effective stake in Vodafone following the telecom giant’s share buyback program, which reduced Vodafone’s share capital without e& acquiring additional shares. The move aligns with Vodafone’s strategy to optimize its capital structure and boost shareholder returns.
Pakistan’s IT and Telecom Sector Shows Robust Growth in FY2025 with $2.8 Billion IT Exports and Expanding Digital Workforce
Pakistan’s IT and telecom sector grew strongly in FY2025 with $2.8 billion in IT exports, expanding freelance workforce, and telecom infrastructure. Government initiatives aim to boost exports to $15 billion under the TechdestiNation campaign.
EBRD and Banque Misr Provide $80 Million Syndicated Loan to Support Orange Egypt’s 5G Expansion
EBRD and Banque Misr provide $80 million loan to Orange Egypt for 5G licence acquisition and network upgrade. The project enhances digital services, reduces CO2 emissions, and supports Egypt’s sustainable telecom growth, reflecting strong international confidence in the country’s digital economy.
Turkcell Secures $150 Million Shariah-Compliant Financing from Dubai Islamic Bank to Boost Digital Infrastructure
Turkcell has secured a $150 million Shariah-compliant Murabaha financing facility from Dubai Islamic Bank to fund its digital infrastructure projects, including data centers and renewable energy. This five-year deal supports Turkcell’s strategy to diversify funding sources and strengthen ties with Gulf-based investors.
Nepal Telecom to Divest 30% Shares to Public While Government Retains Majority
Nepal Telecom to sell 30% shares to the public, with the government maintaining majority ownership, as announced in the 2025/26 budget speech.