Tech Mahindra’s CEO Mohit Joshi is optimistic about 2025, expecting improvements despite a third-quarter earnings miss due to subdued telecom demand. The company saw a slight increase in revenue, with strong growth in BFSI and other segments. Tech Mahindra remains confident in its turnaround efforts and market demand.
Ooredoo has signed 10 memoranda of cooperation with 40 Omani SMEs to support their growth and sustainability. The agreements include offering communication packages, training programs, and telecom services to improve efficiency and help businesses generate additional income by selling Ooredoo services. The MoCs were signed in Muscat.
Nepal Telecom Limited (NTC) will distribute a cash bonus of NPR 55 per share to shareholders from its profits for the fiscal year 2074/75. The proposal was approved during NTC’s 11th annual general meeting, and bonuses will be disbursed through NMB Bank starting January 15.
PTCL has restored full internet services in Pakistan following the repair of the AAE-1 undersea cable. After facing slow speeds and access issues in 2024, PTCL teams worked swiftly to resolve disruptions. The added bandwidth minimized service interruptions, ensuring smooth browsing for users, including on major social platforms.
On Pan African Post Day, Algérie Poste highlighted its role in financial inclusion, managing over 29 million postal accounts and providing services to 15 million Gold Card holders. The organization continues expanding its digital services, ensuring accessibility for all, including those with special needs, and fostering sustainable development and economic growth.
Iraqi Prime Minister Mohammed Shia Al-Sudani emphasized the government’s support for the long-term partnership with Vodafone, focusing on the new 5G network. The agreement aims to modernize Iraq’s telecom infrastructure, increase efficiency, and enhance service quality, with the goal of joining the 54 countries already utilizing 5G technology.
Nayatel has partnered with Agile Managex Technologies to deliver Bitdefender’s top-tier cybersecurity solutions across Pakistan. This collaboration aims to enhance endpoint security for businesses, offering AI-powered malware detection, real-time protection, and centralized management, helping protect against sophisticated cyber threats as Pakistan’s IT sector continues to grow.
Pakistan’s Space and Upper Atmosphere Research Commission (SUPARCO) is set to launch the EO-1 satellite, developed entirely by Pakistani engineers. This milestone in the country’s space journey highlights its growing capabilities in space technology and will aid sectors like agriculture, environmental monitoring, urban planning, and disaster management.
IFZA and Abu Dhabi Islamic Bank (ADIB) have signed an MoU to provide businesses within the IFZA community with enhanced financial solutions, including streamlined account opening and tailored financing options. The partnership aims to foster economic growth, supporting entrepreneurs and SMEs with digital banking services and personalized advisory support.
UAEU has successfully launched its first satellite, “Al Ain Sat-1,” marking a historic achievement in space exploration. Developed in collaboration with the IEEE and GRSS, the satellite enhances remote sensing capabilities and supports sustainable development. The project also empowers students to develop small satellites and foster international collaboration.
