Turkcell secures $150 million Murabaha financing from Dubai Islamic Bank to fund infrastructure investments in data centres, cloud, and renewable energy. The deal diversifies financing sources and attracts Gulf investors, supporting Turkcell’s long-term growth and financial resilience.
Türk Telekom’s Q1 2025 revenue rose to 45.6 billion TRY, with gross and operating profits increasing significantly. Net profit reached 5.1 billion TRY despite higher finance costs. The company aims to maintain growth through service expansion and customer experience enhancement.
Omantel reported RO 3.03 billion in revenue for 2024, driven by strong domestic growth and regional performance through Zain Group. Its new “Portal to the Future” strategy focuses on AI, cloud, fintech, and sustainability, positioning the company as a key enabler of Oman Vision 2040 and regional digital transformation.
Sri Lanka Telecom (SLT) Group reported a significant profit growth in Q1 2025, with a profit after tax of Rs. 2.00 billion. The company saw a 3.4% revenue increase driven by Mobitel’s strong performance, alongside successful cost-reduction initiatives. SLT aims to continue its digital transformation to drive future growth.
Saudi Arabia’s ICT market reached SAR 180 billion in 2024, growing at a CAGR of 7.5%. The country ranked fourth among G20 nations for mobile internet speed and saw growth in mobile subscriptions and the space sector. The market capitalization of telecom and tech companies reached SAR 427 billion.
Jordan’s telecommunications sector showed strong growth in Q4 2024, with mobile broadband subscriptions increasing by 4.1% to 8.046 million. The volume of mobile voice calls and text messages surged, while mobile data usage grew by 13%. Mobile phone penetration reached 69% of the population, reflecting broader digital adoption.
Oman’s telecom sector experienced strong growth in 2024, with increased mobile usage, broadband access, and a 72% rise in IoT connections. Revenues rose by 4%, while investments in infrastructure surpassed global averages. The country also made significant strides in expanding fiber-optic coverage and improving internet access in schools and homes.
Oman’s telecommunications sector saw significant growth in 2024, marked by a surge in IoT subscriptions, expanded fiber broadband, and increased investments. Revenues grew, and broadband coverage expanded rapidly, supporting the country’s Vision 2040 digital goals. The government’s push for digital equity and national talent development further bolstered the sector.
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.
The Middle East’s telecommunications market is forecast to experience moderate growth from 2024 to 2035, with a 0.9% CAGR for market volume and 1.8% CAGR for market value. Iran, Turkey, and Saudi Arabia lead consumption, while Israel dominates exports. The region’s market is set to reach $2.4 billion by 2035.
