Technology news and insights in the Middle East, South Asia, and Africa
Technology News and insights in the Middle East, South Asia, and Africa
Brookfield Asset Management is close to acquiring a stake in an Omani telecom operator, marking its first investment in Oman’s telecom market. The deal highlights increasing foreign interest amid Oman’s telecom liberalization and digital growth initiatives.
The merger between PTCL’s Ufone and Telenor Pakistan, aimed at creating the country’s largest mobile operator, faces delays due to the Securities and Exchange Commission of Pakistan’s (SECP) ongoing review. The deal, approved by the Competition Commission of Pakistan, is crucial for increasing competition and foreign investment in the telecom sector.
Pakistan’s local mobile manufacturing now meets 94% of the country’s demand, with significant contributions from Chinese brands. The sector has seen record growth, with over 29 million devices locally manufactured in FY2023-24, creating 60,000 jobs. This growth is driven by government support, regulatory initiatives, and increased mobile internet usage.