du Reports Record Earnings and Subscriber Growth in 2024
du achieved a 49.7% rise in net profits for the first nine months of 2024, marking a significant year with robust revenue growth and operational efficiency.
Financial
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Telecom Egypt Secures EGP 18 Billion in Syndicated Loan to Boost Financial Health and Fuel Growth
Telecom Egypt has clinched an EGP 18 billion syndicated loan led by 13 banks to refine its financial structure and support expansion. This strategic financial maneuver is set to enhance the company’s liquidity and align its long-term growth strategies with improved financial management practices.
Ooredoo Kuwait Reports Strong Growth in Revenue and Customer Base for First Nine Months of 2024
Ooredoo Kuwait announces an 8% revenue growth to KD527 million and a 5% customer base increase for the first nine months of 2024. Despite a drop in net profit due to a previous regulatory case, the company continues to see profitability improvements and advancements in digital transformation.
Orange’s Africa and Middle East Unit Fuels Q3 Growth, Driving Overall Positive Performance
Orange’s innovative Max-It multi-service digital platform contributes to the positive results, attracting a growing user base.
PTCL Reports Strong Financial Results for Q3 2024
PTCL Group’s revenue increased by 15.3% year-on-year, reaching Rs160.6 billion for Q3 2024.
Yahsat Approves Interim Dividend of 8.40 Fils Per Share for H1 2024
The GAM is scheduled to take place on 26th September 2024, though the exact date may be subject to change, pending a decision by the Securities and Commodities Authority.
KBW Ventures Invests in Egyptian Climatetech Startup NoorNation
KBW Ventures, founded by Saudi Prince Khaled bin Alwaleed, has invested in NoorNation, an Egyptian climatetech startup. NoorNation, which offers decentralized energy and water solutions, was recognized at the PepsiCo Greenhouse Accelerator Programme. This marks KBW’s first investment in Egypt, highlighting a commitment to sustainable technology in emerging markets.
SLT-Mobitel Reports Growth and Enhanced Efficiency in the First Half of 2024
SLT-Mobitel showcased resilience and growth in the first half of 2024, achieving a revenue increase and significant operational efficiency gains. Strategic cost management and lower finance costs helped narrow net losses, while investments in network infrastructure are set to enhance customer experience and drive future growth.
Telecom Egypt Seeks $150 Million Loan for Debt Restructuring
Telecom Egypt plans to secure a $150 million loan for debt restructuring, separate from another EGP 18 billion needed due to recent interest rate hikes. This financial strategy follows a report of a 35% increase in annual revenue and significant profit, illustrating the company’s proactive management in a volatile economy.
Nepal Telecom Reports 16.44% Decline in Q4 Net Profit Amid Revenue and Investment Reductions
Nepal Telecom (NT) reported a 16.44% decline in net profit for Q4 FY 2080/81, dropping to Rs. 6.62 billion. The decrease was driven by a 4.99% reduction in revenue and significant declines in investments and finance income. However, the company saw a slight increase in reserves and reduced operating expenses by 12.98%.
