Technology news and insights in the Middle East, South Asia, and Africa
Technology News and insights in the Middle East, South Asia, and Africa
du reported a strong first quarter in 2024, with revenues rising to AED 3.58 billion and net profit up by 62.7% to AED 603 million, driven by significant EBITDA growth. The telecom giant also launched “du Pay,” advancing UAE’s digital and financial inclusion, and continued investing in 5G and fiber infrastructure.
Ooredoo reported a 5% decrease in Q1 2024 net profits, with earnings at QAR 912.93 million, despite a 4% revenue increase to QAR 5.86 billion. The telecom company also announced a dividend of QAR 0.55 per share and aims to boost stakeholder value through strategic initiatives and operational efficiencies.
Join us in exploring the transformative journey of GCC telecom operators as they venture into digital frontiers. From strategic ICT investments to bold global acquisitions, find out how these industry titans are shaping the future of connectivity.