Grid Telecom and Dawiyat Integrated have partnered to build a subsea cable system connecting Greece to Saudi Arabia. The project aims to enhance network resiliency and expand reach, leveraging Crete’s strategic position. Details and timelines are yet to be announced, with potential synergies for additional projects like hyperscale-ready data centers.
Ooredoo Kuwait, in collaboration with CITRA, has launched the “Kashef” service to enhance caller identification and communication security in Kuwait. This service aims to provide users with verified caller information, reducing spam and fraudulent calls, and improving overall telecommunications reliability and trust.
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.
Leading Saudi telecom group stc has reported solid financial results for the first half of 2024, with a 4.79% increase in revenues, reaching SAR38.25 billion ($10.2 billion). Net profit surged by 7.73% to SAR6.6 billion, driven by growth in customer and carrier revenues, as well as subsidiary performance. The company’s “Dare 2.0” strategy and cost efficiency programs were key factors in achieving these results.
China Mobile Pakistan (CMPak), operating under the Zong 4G brand, expanded its network and completed a significant modernization project in the first half of 2024. Zong 4G deployed over 400 new 4G sites and upgraded its base stations with 8T8R technology to enhance customer experience along the China–Pakistan Economic Corridor. Additionally, Zong upgraded over 1,400 battery banks to Li-Ion solutions for improved efficiency.
Kuwait’s National Mobile Telecommunications Company (Ooredoo) reported a 9% increase in consolidated revenue for the first half of 2024, reaching KD346 million ($1.1 billion). The growth was driven by strong performance in Kuwait, Maldives, Tunisia, and Algeria. The customer base grew by 4% to 25.5 million, and EBITDA increased by 8% to KD125 million. Net profit attributable to NMTC decreased to KD25 million due to a one-time gain in H1 2023, but excluding this gain, net profit would have been 23% higher.
Oman is set to become a regional telecommunications hub with its advanced network and rural connectivity initiatives. Significant progress in digital infrastructure and the space industry supports this development, with extensive fibreoptic and 5G network deployments enhancing connectivity nationwide.
The TRA’s new regulations aim to empower SMEs by simplifying the import and approval processes for telecommunications devices, including renewable type approval certificates and special procedures for SMEs. The amendments create a flexible regulatory environment to keep pace with market developments.
Ooredoo reported a 9% revenue growth in H1 2024, reaching KD346 million ($1.1 billion), driven by strong performance in Kuwait, Maldives, Tunisia, and Algeria. Customer base increased by 4% to 25.5 million, and EBITDA grew by 8% to KD125 million. Net profit attributable to NMTC decreased to KD25 million due to a one-time gain in H1 2023.
Egypt is set to revolutionize its mobile telecom sector with e-SIM technology and its first 5G network, promising enhanced connectivity, competition, and affordability.
