Liquid Intelligent Technologies has partnered with Medi Telecom, part of the Orange Group, to expand network coverage in Morocco. This partnership enables Liquid to be the sole supplier of its digital services, providing Medi Telecom access to Liquid’s extensive connectivity network and innovative cloud and cybersecurity solutions.
Telecom Egypt and SubCom have completed two cable landing stations in Egypt for the India-Europe-Xpress (IEX) subsea cable system. The stations at Zafarana2 and Sidi Kerir enhance connectivity between Mumbai and Milan, supporting Egypt’s role as a key hub linking Africa, Europe, and Asia.
Madayn has partnered with Sadad Electronic Payment Gateway to introduce electronic payment services for investors and business owners. This agreement includes installing self-service payment machines at Masar Service Centres, promoting digital transformation, and enhancing user experience. The partnership also involves training national cadres and providing maintenance opportunities for SMEs.
Vodafone Egypt, in partnership with Ericsson, has deployed a triple-band radio supporting 2G, 3G, 4G, and 5G across multiple spectrums. This innovative technology reduces equipment, enhances network performance, and lowers energy consumption by up to 15%, marking a significant step in Vodafone Egypt’s network modernization and capacity expansion efforts.
Bahrain’s mobile phone market grew significantly in Q1 2024, with 34,000 new subscriptions, increasing the total to 2.44 million, a 13.8% rise from Q1 2023. The mobile phone penetration rate rose from 136% to 155%, driven by the widespread use of smartphones. Prepaid subscriptions grew by 7.7%, reaching 1.55 million.
Telecom Egypt reported a 1.83% increase in Q1-2024 net profit, reaching EGP 3.88 billion. Consolidated operating revenues grew to EGP 17.48 billion. The standalone net profit rose to EGP 4.38 billion, with operating revenue at EGP 12.59 billion. The company plans to enhance cost efficiency and monetize assets generating foreign currency returns.
IBM has completed an energy-efficient data center for Telecom Egypt, the largest fixed-line telecom provider in the Middle East. The project, part of IBM’s “Big Green” initiative, aims to enhance Telecom Egypt’s capacity while improving energy efficiency and server performance, supporting Egypt’s growing telecommunications demands.
HSBC has launched Omni Collect, a new e-commerce digital payment platform in the UAE, in partnership with Saudi-based FinTech Geidea. Omni Collect allows HSBC business clients to access card receivables and gain insights into collections data, simplifying payment processes across multiple channels and enhancing business decision-making.
Sparkle and Tunisie Telecom have partnered to provide International IP Transit services from Sicily to Milan. This agreement enhances Tunisia’s connectivity to Europe with a high-performance, low-latency route, meeting the growing demand for advanced internet services and digital content, and strengthening the historical partnership between the two companies.
Saudi Arabia will invest SR4.2 billion ($1.2 billion) to enhance its digital content industry through the newly established Digital Content Council. The council will fund 36 initiatives to develop skills and create jobs in video gaming, video production, and digital advertising, promoting the Kingdom’s growing digital content sector.
