Sri Lanka Telecom PLC Reports Improved Financial Performance in Q3 2024
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.
ICT & Telecoms
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Pakistan and Algeria to Strengthen Collaboration in IT and Telecommunications
A joint working group will be formed to explore further collaboration opportunities in IT and telecommunications.
Beyon Solutions Partners with Bahrain Airport Services to Enhance Airport Security and Operations
Beyon Solutions will leverage its expertise in smart technologies, including IoT sensors and data analytics, to enhance BAS’s security architecture.
Zain KSA Acquires 600 MHz Spectrum to Boost 5G and Support Saudi Vision 2030
Zain KSA has acquired the 600 MHz spectrum, enhancing its 5G Standalone (5G SA) services across Saudi Arabia. This expansion improves connectivity in urban and remote areas, supports smart city solutions and IoT, and aligns with Saudi Vision 2030, contributing to the Kingdom’s digital and economic transformation.
Orange MEA and GIZ Launch “Master Repair” Initiative to Boost Youth Employability and Sustainability
Orange MEA and GIZ have launched the “Master Repair” initiative to enhance youth employability and foster entrepreneurship in Morocco, Tunisia, Senegal, and Egypt. The project offers training in electronics repair, solar tech, and fiber optics, targeting young women and people with disabilities, promoting self-employment and sustainable skills.
Telecom Egypt Reports 5.59% Drop in Net Profit for the First Nine Months of 2024
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.
Saudi Arabia’s Public Investment Fund Completes $1.03 Billion Sale of Stake in Saudi Telecom Company
The Public Investment Fund (PIF) of Saudi Arabia completed the sale of 100 million shares in Saudi Telecom Company (stc), raising $1.03 billion. The oversubscribed offering marks the largest accelerated bookbuild in Saudi Arabia and the MENA region. PIF retains 62% of stc’s shares as part of its strategic capital recycling plan.
STC Group Launches Data Center Park and 2Africa Pearl Subsea Cable in Bahrain
STC Group, through its subsidiaries STC Bahrain and Center3, has invested $300 million to construct a new data center park and inaugurate the 2Africa Pearl subsea cable in Bahrain. These initiatives aim to expand STC’s global footprint, supporting Bahrain’s 2030 Economic Vision with enhanced digital infrastructure and sustainability goals.
Zong and ZTE Launch Innovative Omni 12T12R UBR Site, Transforming Pakistan’s Data Network
Zong, in collaboration with ZTE, has launched the industry-first Omni 12T12R UBR Site in Pakistan. This innovation reduces RRU costs by 67% and tower space requirements while boosting data traffic and throughput. Zong remains committed to advancing network capabilities and enhancing the user experience with cutting-edge wireless technologies.
Red Bull MOBILE Saudi Arabia Partners with Jahez for On-Demand SIM Card Delivery
Key Giveaways: Riyadh, Saudi Arabia – Red Bull MOBILE in Saudi Arabia, powered by Future Network Telecommunications, has partnered with Jahez…
