Ooredoo Group posted a net profit of QR1.1bn in 2020, which was down 35% year-on-year mainly due to lower EBITDA and one off gains in 2019 from the Indonesian tower sales. EBITDA declined by 6% year-on-year to QAR 12.1 billion in 2020, impacted by lower revenues and challenging market conditions across most markets.
Read more: Ooredoo Group posts net profit of QAR 1.1 billion in FY 2020

Telecom Egypt (TE), one of the largest integrated telecommunications operators in Egypt, is collaborating with IBM and Red Hat to help them develop an open, hybrid cloud strategy that will modernize their operations and accelerate their digital transformation journey. Telecom Egypt will adopt IBM Cloud Pak for Automation built on Red Hat OpenShift, to become more efficient, flexible and future-ready to support core operations and enable new digital services.

Read more: Telecom Egypt picks IBM and Red Hat to ramp up network operations

Zain KSA has announced sealing an exclusive agreement with The Red Sea Development Company (TRSDC), offering telecommunications and internet services on the Red Sea’s sites during construction phase. Under this agreement, Zain KSA will ensure the coverage of these sites via its telecommunications and data network over a period of five years. With that, The Red Sea Project becomes the first construction zone to have 5G coverage in the Middle East.

Read more: Zain KSA to provide 5G coverage to Red Sea Development Company project sites

South African multinational mobile telecommunications company, MTN announced that the Group has concluded an agreement to sell, and thereby fully exit, its 20% shareholding in Belgacom International Carrier Services SA (BICS) to Proximus NV/SA.

Read more: MTN agrees to sell its shareholder stake in BICS for R1,8 billion

The Communications and Information Technology Commission (CITC) has announced that Saudi Telecom Company (STC) has the highest mobile download speed in the Kingdom, with a 5G network that reaches a speed of 342.35 Mbps. This was revealed in the 2020 Q4 Meqyas report on the average download speeds for 5G networks.

Read more: STC tops highest mobile download speed for 5G in KSA

Emirates Integrated Telecommunications Company PJSC (“EITC”) popularly known by its brand name ‘du’ reported a total Revenue of AED 11.08 billion and a Net Income of AED 1.44 billion for the year ended 31 December 2020.  The results reaffirm the company’s profitability and the resilience of its model in a difficult operating environment caused by the COVID-19 pandemic.  The company had reported revenue of Dh12.59 billion and net profit of Dh1.73 billion in 2019.

Read more: Emirates Integrated Telecommunications Co reports Dh 1.44 billion net profit for FY 2020

Etisalat has partnered with Smart Dubai to provide a comprehensive suite of multi-layered cybersecurity services and skilled expertise that will further strengthen Dubai government entities’ resilience to cyber attacks. The services will be offered by Help AG, the cyber security arm of Etisalat Digital.

Read more: Etisalat's Help AG and Smart Dubai to help government entities fight cyber attacks

In a first by any telecom service provider in the Sultanate, Omantel has announced the launch of 5G services for mobile devices that aims to give mobile customers further value and speed for their money by harnessing the potential of the path-breaking communications technology.

Read more: Omantel becomes first to launch 5G services for mobiles in the Sultanate

The iconic spherical structures, popularly called ‘golf balls’ atop Etisalat’s office buildings across the UAE proudly lit up in red in commemoration of the arrival of UAE’s Hope Probe to Mars.

Read more: Etisalat honors Hope Probe’s arrival to Mars, iconic ‘golf balls’ light up in red

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