Technology news and insights in the Middle East, South Asia, and Africa
Technology News and insights in the Middle East, South Asia, and Africa
Technology news and insights in the Middle East, South Asia, and Africa
Technology News and insights in the Middle East, South Asia, and Africa
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 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 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 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 sell 30% shares to the public, with the government maintaining majority ownership, as announced in the 2025/26 budget speech.
SLT-Mobitel delivered a strong Q1 2025 turnaround with a PAT of Rs. 2,001 million, led by growth in broadband and mobile data. The company’s revitalization reflects strategic leadership, technology innovation, and stakeholder collaboration, positioning it as a cornerstone of Sri Lanka’s digital transformation.
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.