Technology news and insights in the Middle East, South Asia, and Africa
Technology News and insights in the Middle East, South Asia, and Africa
e& reports 12.9% subscriber growth and strong Q1 revenue and EBITDA gains. Launches AI governance framework with IBM and strengthens global connectivity, driving digital innovation and brand value over $20 billion.
Du reports robust Q2 2025 growth with 8.6% revenue and 25.1% net profit increases, driven by mobile, fixed, and diversified revenues. Strong margins and increased capex underscore commitment to innovation and long-term digital infrastructure.
Du’s Q2 2025 profit rose over 25% to Dh727 million, with H1 net income up 22.4%. Revenue grew 8.6%, EBITDA 16.4%. Subscriber base expanded strongly. Strategic launches and market diversification support continued growth and shareholder returns.
Oman’s telecom sector shows strong growth with mobile subscriptions surpassing population, led by IoT and broadband adoption, while legacy fixed-line technologies decline.
MEA’s telecom sector posted $149 billion in 2024 spending, led by mobile data growth and infrastructure investment. Operators are transforming into tech firms, driving 5G, fiber, and AI adoption amid ongoing economic and geopolitical risks affecting future expansion.
Oman’s telecom sector experiences rapid growth with mobile and IoT subscriptions soaring amid a $441.5 million digital transformation initiative. Vision 2040 targets 80 percent digital government services by 2025, backed by major infrastructure projects and public investments accelerating smart connectivity and innovation.
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.