Zain Group, the leading mobile telecom innovator in eight markets across the Middle East and Africa, announced that it has closed a US$700 million, five-year Revolving Credit Facility with a syndicate of regional and international banks. The transaction refinances a US$800 million Revolving Credit Facility arranged in 2014. The Facility will be used for general corporate purposes.

Read more: Zain Group closes US$700 million loan refinancing

Telecom Egypt published its Q2 2018 results driven by its strong operational performance. Consolidated revenue crossed EGP 10bn for the first time increasing 16% year-on-year as data services that increased by 45% year-on-year, continue to lead growth boosted by fixed broadband.

Read more: Telecom Egypt publishes Q2 results reflecting the success of its investment strategy

Telecom Egypt and Etisalat Misr have formally announced they have signed a memorandum of understanding (MoU) to provide the latter with virtual fixed voice services. The agreement, which represents the first of its kind in the Egyptian market, covers all the basic terms that shall allow both companies to formalize a commercial agreement in due course. Under this MoU, Telecom Egypt through its nationwide fixed network will enable Etisalat Misr to provide its customers with fixed voice services.

Read more: Telecom Egypt and Etisalat Misr sign MoU for virtual fixed voice services

VIVA Bahrain, the Kingdom’s leading telecommunications service provider has expanded its global network footprint with the deployment of new points-of-presence (POPs) in Europe, across London and Frankfurt. Through this network deployment, VIVA Bahrain will support the growing demand of its wholesale and enterprise customers across GCC and other international markets with high-quality networking services - IP, capacity, voice and signaling coupled with lowest possible latency.

Read more: VIVA Bahrain expands its footprint to reach Europe

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