Nepal Telecom (NT) reported a 16.44% decline in net profit for Q4 FY 2080/81, dropping to Rs. 6.62 billion. The decrease was driven by a 4.99% reduction in revenue and significant declines in investments and finance income. However, the company saw a slight increase in reserves and reduced operating expenses by 12.98%.
Es’hailSat and Algérie Télécom Satellite (ATS) are exploring a partnership to enhance Algeria’s telecom services using satellite technology. Es’hailSat, with over 12 years of experience in the Middle East and North Africa, aims to support ATS’s efforts to modernize Algeria’s communication infrastructure, aligning with the country’s broader development goals.
Telecom Egypt reported a 35% revenue increase in H1 2024, reaching EGP 38 billion, driven by a surge in retail and data revenue. Despite economic challenges, the company achieved strong growth in customer base and international operations. Telecom Egypt remains focused on optimizing CapEx and positioning itself as a regional data hub.
The UAE’s Telecommunications & Digital Government Regulatory Authority (TDRA) has launched the operational phase of its ICT Regulatory Sandbox. This initiative allows new tech products and services in the ICT sector to be tested in a controlled environment before market release. It aims to ensure appropriate legislative responses and foster innovation and entrepreneurship.
Eng. Al-Sadhan, with over 20 years of experience in telecommunications and IT, has played a crucial role at Zain KSA as Chief Business and Wholesale Officer. He has driven B2B growth, developed a digital ecosystem anchored in 5G, and forged strategic partnerships. He also serves on the board of Zain Omantel International.
Oman’s Telecommunications Regulatory Authority (TRA) announced that over 773,000 homes across the country are now connected to fiber optic networks. This significant achievement, detailed in the TRA’s latest annual report, underscores the growing reach and impact of high-speed internet in Oman.
PTCL Group and Zarai Taraqiati Bank Limited (ZTBL) have partnered to implement a Managed WAN and desktop solution across 500+ ZTBL sites in Pakistan. This collaboration aims to enhance connectivity and digital transformation, empowering ZTBL’s clients, including farmers, and contributing to the growth and development of Pakistan’s economy.
Sri Lanka has granted a license to Elon Musk’s Starlink, allowing the satellite internet provider to offer broadband services in the country. This follows a recent amendment to the telecommunications law, enabling Starlink’s entry. The move is part of Musk’s broader strategy to expand Starlink’s presence in South Asia, including India.
Ooredoo Kuwait, in collaboration with FASTtelco and the Kuwaiti Ministry of Information, celebrates over 6 million views on the digital platform [51], marking a significant milestone in digital entertainment. Launched as a trial, [51] showcases Kuwaiti media on a global scale, aligning with “Kuwait Vision 2035.”
Banglalink achieved a decade-high revenue growth of 14.4% in 2023, driven by a 25% increase in data revenue. The company’s expansion strategy, including a 24.5% growth in its 4G user base and the success of digital services like the MyBL Super App, fueled this significant performance boost.
