Dialog Axiata PLC reported its earnings for Q3 and the nine months ending September 30, 2024. Q3 sales decreased to LKR 42.83 billion, while net income rose to LKR 4.50 billion. For the nine months, sales were LKR 125.38 billion, with net income dropping to LKR 5.69 billion.
Cisco is collaborating with the UAE Ministry of Industry and Advanced Technology (MoIAT) to advance Industry 4.0 adoption in the UAE manufacturing sector. The initiative focuses on boosting productivity, efficiency, and sustainability through IoT and real-time location services, aligning with the UAE’s national strategy to become a global industrial hub.
The Bangladesh Telecommunication Regulatory Commission (BTRC) has canceled the licenses of seven PSTN operators due to non-renewal. Companies like Tele Barta, Ranks Telecom, and National Telecom were affected. This leaves Bangladesh Telecommunications Company Limited as the sole national PSTN operator, with a few regional operators still active.
Insight Terra, a South African climate tech platform, has secured $5.7 million in funding to scale its operations. The investment will support the expansion of its commercial and technical teams and enhance the platform’s capabilities in environmental risk management. Insight Terra focuses on providing actionable insights to mitigate environmental impacts.
Veon is negotiating with SpaceX to bring Starlink satellite services to Bangladesh, aiming to expand satellite internet access across several emerging markets. The partnership could provide essential connectivity during crises and offer telecom access to underserved regions.
Iraq is emerging as a crucial digital and commercial transit hub, connecting Europe and the Middle East with its new digital corridor. Strategic investments in telecom infrastructure are providing low-latency, resilient routes for global carriers, service providers, and hyperscalers, mitigating risks in the Red Sea and offering diverse connectivity options.
Banglalink and Teletalk have initiated a national roaming field trial in Bangladesh, enabling their customers to access each other’s network coverage for the first time. This innovative collaboration aims to enhance mobile connectivity and promote network sharing between the operators, with a focus on seamless transition between networks in areas with coverage gaps. Once the field trial is completed, customers will enjoy expanded, seamless national coverage for all services. This initiative aligns with energy conservation and green infrastructure development and is already available in 22 countries worldwide.
Ebana, a Saudi fintech startup, raised $2.66 million in a Pre-Series A funding round led by Esnad Legal Consulting. The funding will support the expansion of its investor relations tools and digital governance solutions, helping businesses adopt modern, transparent, and efficient governance practices across Saudi Arabia.
The Ministry of Municipalities Affairs and Agriculture in Bahrain signed an MoU with Batelco to enhance digital infrastructure, including connectivity, voice communication, and smart security. The partnership will focus on providing technical expertise and innovative solutions to improve municipal services, with Batelco offering support in smart city infrastructure.
GCC telecom operators have the potential to generate up to $5.90 in EBITDA for every $1 invested in AI-powered marketing. Strategy& Middle East’s report highlights the importance of leveraging vast customer data and AI to personalize engagement, drive growth, and stay competitive in an increasingly digital market.
