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.
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Dialog Axiata Completes Acquisition of Bharti Airtel Lanka
Dialog Axiata has acquired 100% control of Bharti Airtel Lanka via a share swap, reducing Axiata Group’s stake to 73.75% and giving Bharti Airtel 10.355%. The merger aims to improve efficiencies, cut costs, and enhance customer experience, adding 5 million subscribers to Dialog’s existing 18 million.
BBK Enhances Compliance with SymphonyAI’s Advanced Anti-Money Laundering Technology
The Bank of Bahrain and Kuwait (BBK) has deployed SymphonyAI’s AI-based anti-money laundering (AML) technology to enhance its transaction monitoring and compliance processes across multiple regions. The scalable platform improves detection accuracy, reduces false positives, and adapts to evolving regulations, strengthening BBK’s fight against financial crime.
Panamax Technology and Hilal Technology Forge Strategic Partnership to Boost Digital Transformation in Bahrain and Saudi Arabia
Panamax Technology and Hilal Technology have partnered to accelerate digital transformation in Bahrain and Saudi Arabia, focusing on advanced technological solutions to propel regional businesses forward.
TRA Launches ‘La Tamshi Alaik’ Campaign to Combat Cyber Fraud in Oman
The Telecommunications Regulatory Authority (TRA) of Oman has launched the ‘La Tamshi Alaik’ campaign to combat cyber fraud. In collaboration with the Royal Oman Police, Cyber Defence Centre, and telecom companies, the campaign educates the public on preventing fraud, protecting user rights, and ensuring a secure digital environment in Oman.
SLT-Mobitel Successfully Lands SEA-ME-WE 6 Submarine Cable in Sri Lanka, Boosting Global Connectivity
SLT-Mobitel has successfully landed the SEA-ME-WE 6 submarine cable in Matara, Sri Lanka, marking a significant step in enhancing the country’s global connectivity. The cable, offering 130 Tbps of high-speed connectivity, will be operational by mid-2026, positioning Sri Lanka as a key player in the global telecommunications network.
Pakistan Assembles Over 20 Million Mobile Phones in First Eight Months of 2024
Pakistan assembled 20.44 million mobile phones from January to August 2024, with 12.73 million smartphones and 7.71 million 2G devices. Despite a decline in production due to economic challenges, smartphone usage in Pakistan has risen to 62%, reflecting the growing reach of internet services.
Ooredoo Group Partners with Nvidia to Bring Full-Stack AI Platform to the Middle East
Ooredoo Group has partnered with Nvidia to bring the full-stack AI platform to the Middle East, enhancing AI infrastructure and offering advanced AI tools to governments, enterprises, and startups across the region.
Sri Lanka to Amend Telecom Laws Allowing Independent Companies to Build Towers
The Sri Lankan government is amending telecom laws to allow independent companies to build telecom towers, aiming to accelerate tower rollouts and support the digital economy’s expansion to $15 billion by 2030. The amendments are expected to be debated in parliament soon.
Checkout.com Partners with noqodi to Enhance Digital Payments in the UAE
Checkout.com has partnered with noqodi to enhance digital payments in the UAE. The integration will simplify payment processes, improve transaction efficiency, and offer secure payment solutions. The partnership aims to support businesses and government entities by providing a wider range of payment methods and accelerating transaction processing.
