Pakistan has joined the 2Africa Cable Project, which spans 45,000 km of undersea cables connecting 46 stations across 33 countries. The telecom sector saw significant growth, with a 17% revenue increase, while Pakistan’s global digital rankings improved. The country also advanced in mobile connectivity and cybersecurity efforts.
Qatar’s computing market is set to reach $72.67 million by 2025, driven by growth in digital transformation, AI, and IoT technologies. The market will see a 3.35% CAGR, with user penetration expected to rise. Major tech firms like Google Cloud and Microsoft are key contributors to this growth.
Pakistan’s telecom sector generated Rs2.521 trillion in revenue over the past decade, with major operators contributing Rs763.81 billion in taxes. Jazz led the industry, followed by Zong and Nayatel, underscoring the sector’s crucial role in supporting the economy through substantial tax contributions and meeting the country’s communication needs.
In October 2024, Bangladesh saw a significant rise in remittances, with Tk1,102.22 crore sent home via mobile financial services, marking a 95.22% YoY increase. This growth reflects the growing popularity of MFS platforms like bKash and Nagad, contributing to increased customer confidence and ease in remittance transfers.
Nepal Telecom (NT), Agriculture Development Bank Limited (ADBL), and Citizens Investment Trust (CIT) have announced dividend payouts for their shareholders. NT has proposed a 30% dividend, CIT 13%, and ADBL 10.53%. NT’s revenue decline has been attributed to reduced voice call usage due to OTT services and increased competition.
Omantel’s financial results for the nine months ending September 30, 2024, showed a net profit of RO187.5 million and a 2.2% growth in revenues. Despite a decrease in domestic net profit due to investments in network expansion, the group remains on a solid growth trajectory, with Zain Group also posting strong revenues.
Despite the revenue decline, the company’s operating income increased by 1.11%.
Key Takeaways: Cairo, Egypt – Telecom Egypt has announced strong financial results for the first nine months of 2024, with a…
The company achieved a net profit in Q3 2024, compared to a net loss in the same period last year. This positive trend continued for the nine-month period as well.
Telecom Egypt reported a 5.59% YoY decline in consolidated net profit for the first nine months of 2024, totaling EGP 8.637 billion. Operating revenues rose to EGP 58.43 billion. The company’s standalone profit also decreased during the same period, reflecting a challenging year for the telecom operator.
