stc Group and Ericsson have achieved a world-first by deploying Automated Radio Resource Partitioning (RRP) on a 5G standalone network slice. This innovative feature uses intent-based automation to optimize network resource allocation, preparing stc Group for 5G Advanced and enhancing efficiency, scalability, and user experience.
Maroc Telecom’s H1 2024 results show a 5.1% increase in customers to 78.4 million and a 0.9% rise in revenues, driven by Moov Africa. Mobile Data and Fiber Optics revenues surged, offsetting declines in Morocco. The Group maintains a strong EBITDA margin and significant investments, with stable 2024 forecasts despite litigation impacts.
Nepal’s 4G user base has surpassed 20 million, with mobile broadband holding a 66.28% market share, per the NTA’s latest report. Despite a minor decline of 204,548 users from Falgun to Chaitra 2080, Nepal Telecom and Ncell continue to dominate the 4G landscape, driving digital transformation and connectivity.
Zain KSA announced impressive H1 results with a 60% increase in net profit to SAR172 million ($45.8 million) and revenue of SAR5 billion ($1.3 billion). The growth was driven by enhanced customer experience, expanded 5G coverage, and increased demand during the Hajj season, alongside strong sustainability practices.
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.
