The PTCL Group, Pakistan’s largest telecom conglomerate, is facing significant financial challenges despite reporting a 15.3% increase in revenue to Rs160.6 billion for the first nine months of 2024. The company posted a net loss of Rs15.3 billion, highlighting ongoing operational struggles.
Grameenphone experienced a modest profit growth of 1.0% in Q3 2024, reaching Tk 7.55 billion, despite challenges from rising operational expenses and political unrest. Revenue fell 3.8% to Tk 39.5 billion due to internet shutdowns, but nine-month profits grew 8.60% to Tk 29.55 billion.
Telecom experts suggest that Teletalk, Bangladesh’s state-owned mobile operator, can revitalize its services through significant investment and innovative strategies. Recommendations include a joint venture with BTCL and a focus on data services to improve customer engagement and operational efficiency, addressing current challenges and enhancing competitiveness in the telecom market.
Jordan has improved its global rankings for mobile and fixed internet speeds, now standing at 84th for mobile with an average of 29.4 Mbps and 31st for fixed internet with 155 Mbps. This progress is attributed to a robust regulatory framework and increasing investments in digital infrastructure.
SLT-Mobitel is set to host Sri Lanka’s first-ever TM Forum event, TelcoNEXT, on October 29, 2024. The gathering will bring together telecom leaders and experts to discuss digital innovation, challenges, and strategies for growth. The event aims to strengthen collaboration within the industry and enhance Sri Lanka’s digital economy.
Ooredoo Kuwait announces an 8% revenue growth to KD527 million and a 5% customer base increase for the first nine months of 2024. Despite a drop in net profit due to a previous regulatory case, the company continues to see profitability improvements and advancements in digital transformation.
Pakistan Telecommunication Company Limited (PTCL) has partnered with China Mobile International (CMI) to enhance global connectivity through resource sharing. This collaboration, announced at GITEX 2024, enables PTCL’s extensive fibre network and CMI’s international presence to deliver seamless services, driving digital growth in Pakistan and beyond.
Ooredoo Kuwait has introduced exclusive offers for retirees, including up to 50% discounts on voice packages and comprehensive communication solutions. The company also enhances its “Nokhba” program, providing elite customers with additional benefits like dedicated account managers and free devices, reinforcing its commitment to serving all segments of Kuwaiti society.
The committee discussed developing telecommunications and postal sectors and enhancing cooperation among member states, including collaborations in space initiatives.
du expands its B2B offerings with the launch of du Tech and du Infra, aiming to lead digital transformation in the UAE. These new sub-brands will deliver specialized services and infrastructure, supporting the digital ambitions of businesses and government entities.
