Technology news and insights in the Middle East, South Asia, and Africa
Technology News and insights in the Middle East, South Asia, and Africa
The AGP has accused Jazz of overcharging customers Rs6.58 billion in FY2023-24, citing weak PTA oversight and blanket tariff approvals. While auditors recommended a formal inquiry, Jazz rejected the allegations, insisting it fully complied with regulatory approvals. PTA’s official response remains pending.
Omantel Group posted a 46% surge in net profit to RO161.1mn in H1 2025, supported by strong EBITDA, investment income, and 9.5% revenue growth across multiple regional markets. Domestic revenue rose 8%, but higher depreciation costs weighed on local profits as the company pushed ahead with its TechCo strategy and network expansion.
Telecom Egypt reported 33% YoY revenue growth to EGP 50.6bn in H1 2025, with Data up 47% and International Calls up 50%. EBITDA rose 43% to EGP 22.1bn, while normalized net profit jumped 50% to EGP 10.3bn. Strong cash flow, lower debt, and 5G rollout underscore solid momentum.
Sri Lanka Telecom Group reported Rs. 4.3 billion in profit for 1H 2025, rebounding from last year’s loss. SLT PLC and Mobitel both posted strong turnarounds, supported by cost management, governance reforms, and steady revenue growth. The performance signals renewed strength for the telecom giant’s role in Sri Lanka’s digital economy.
Telecom Egypt’s H1 2025 revenue rose 33% to EGP 50.6B, driven by data and international calls, with EBITDA up 43% and net profit up 50%. The company launched 5G, improved cash flow, and strengthened its debt position while committing to further investment and sustainable growth.
Türk Telekom’s Q2 2025 revenue rose 13.2% to TL 50.4B, with record mobile growth, strong fiber expansion, and TL 21.8B in first-half investments. The company readies for Türkiye’s 5G auction, advances TRNC fiber project, and nears a 25-year concession renewal to drive long-term digital transformation.
Omantel’s H1 2025 net profit rose 46% to $417M on royalty fee cuts, with revenue up 9.5% to $4.2B; other Oman telecom providers will also benefit from the reduced levy.
Zain Group’s H1 2025 revenue grew 14% to $3.5B, net profit surged 49% to $395M. Customer base hit 50.9M, driven by growth in Sudan, Iraq, and Saudi Arabia. Investments in 5G, AI, fintech, and enterprise services continue to deliver strong results across core markets.
Saudi Arabia’s telecom sector reported strong Q2 2025 results with a 17.4% profit increase and 3.7% revenue growth. stc led profits, followed by Mobily and Zain KSA, benefiting from operational efficiency, 5G expansion, and digital demand. The sector’s growth is expected to continue, driven by government initiatives and emerging technologies.
Space42’s H1 2025 results highlight steady profit, strong cash position, and secured funding backed by significant future revenues. Growth in Space Services and advancements in Smart Solutions, including Thuraya-4 satellite and geospatial platforms, position the company for accelerated expansion in H2 2025.