Emirates Integrated Telecommunications Company (EITC) reported a 46.3% increase in Q2 net profit to AED581 million, driven by 7.3% revenue growth. Mobile and fixed customer bases grew, with strong performance in enterprise and consumer products. EBITDA rose by 3.2%, and Capex moderation led to a 10.9% increase in free cash flow.
Telecom Egypt and Orange Egypt have signed EGP 15 billion agreements to expand fiber, transmission services, and 5G infrastructure. The agreements will improve mobile internet services, enhance operational efficiency, and support Egypt’s digital transformation. The companies aim to offer competitive pricing and boost service delivery across the nation.
Hayo has partnered exclusively with Talk360 to provide affordable international calling services across Africa. This collaboration offers high-quality voice communication, leveraging Hayo’s extensive network and Talk360’s app, enabling customers to make cost-effective calls to over 190 countries. The partnership aims to improve global connectivity for African communities.
Morocco’s z.systems raised $1 million in funding to reshape the region’s FMCG retail landscape. The platform, designed to modernize B2B trade and distribution, offers streamlined solutions for small retailers. z.systems plans to expand beyond FMCG into other sectors like construction and electronics, empowering mom-and-pop stores with better efficiency.
Oman’s Telecom Regulatory Authority (TRA) has introduced new guidelines to reduce the carbon footprint of postal services. These measures aim to cut emissions in packaging, transportation, and storage, promote sustainability, and offer long-term financial savings for postal companies. The guidelines will help preserve natural resources for future generations.
Mastercard has partnered with eNovate, a subsidiary of eFinance Investment Group, to introduce a Card-as-a-Service (CaaS) solution to Egypt. This collaboration provides banks, fintechs, and non-financial institutions with an efficient platform for launching digital payment products, supporting Egypt’s digital transformation and Vision 2030 goals.
Ooredoo has signed 10 memoranda of cooperation with 40 Omani SMEs to support their growth and sustainability. The partnership includes offering communication packages, training programs, and telecommunication services to improve business efficiency and provide additional revenue opportunities through reselling Ooredoo services.
The Competition Commission of Pakistan (CCP) is conducting a detailed Phase II Merger Review of PTCL’s acquisition of Telenor Pakistan and Orion Towers. The review focuses on competitive dynamics, market power concentration, and potential industry impacts, with all stakeholders presenting their perspectives during the hearings.
Trend Micro partners with Mobily to enhance cybersecurity in Saudi Arabia, offering advanced solutions and tailored cloud security for businesses.
ADNOC has partnered with Etisalat to build the largest private 5G network in the energy sector, covering 11,000 square kilometers. The network will enhance IoT connectivity for over 12,000 wells and pipelines, using AI to improve efficiency, safety, and productivity. Expected completion is 2025, generating AED5.5 billion in the first five years.
