UAE telecom brand du, part of EITC, recently signed a memorandum of understanding at the FinTech Abu Dhabi summit with Abu Dhabi Global Market Financial Services Regulatory Authority, in the presence of Richard Teng, the CEO of Abu Dhabi Global Markets Financial Services Regulatory Authority and Hany Fahmy Aly, the Executive Vice President of Enterprise Business, EITC, to promote a FinTech ecosystem in the UAE.
Vodacom, the South African subsidiary of UK-based Vodafone, has signed a MoU with Nokia under which the companies will trial Nokia 5G technology to accelerate the launch of the new technology and enable Vodacom to drive digitalization for the benefit of businesses and individuals in South Africa.
Abdullah Alsawaha, Minister of Communications and Information Technology (CIT) in Saudi Arabia has appreciated Saudi Telecom Company’s role in implementing the ministry’s plan to deploy broadband all around the Kingdom, after the company delivered FTTH (fiber-to-the-home) to 51K homes in Riyadh.
Saudi Telecom Company (STC), represented by InspirU Business Incubator, announced the signing of an agreement with Riyadah institute to support and provide services for business entrepreneurs in the Kingdom of Saudi Arabia.
UAE-based telecommunications provider Etisalat Group collaborated with Huawei and Deloitte to launch a joint white paper titled 'From Pipelines to Clouds - Etisalat's Playbook' that intends to share lessons learned from Etisalat's road towards becoming a cloud-native telco.
South Africa’s MTN filed its plea in the long-running litigation where Turkcell is claiming damages against MTN as a result of MTN having acquired a 49 percent interest in Irancell, which was awarded the second GSM License in Iran in November 2005.
Saudi telecom operator Mobily (Etihad Etisalat) has awarded Ericsson a modernization contract to upgrade its access network in the western region of Saudi Arabia, deploying the latest features of the Ericsson Radio System.
Saudi Arabia's Etihad Etisalat (Mobily), in collaboration with Nokia, has successfully conducted a trial of LTE to the Home (LTTH) and implemented it using FastMile technology to enable LTE technology on a 4G network and become available on 2G networks. This comes out of Mobily's interest to provide the best speeds for its customers with high quality.
VIVA Kuwait, a subsidiary of Saudi Telecom Company (STC), published its third quarter earnings for 2017 showing a financial slump compared to the same period last year. VIVA reported net profits of KD 28.3 million (approx. US$ 93.5 million) during the nine month period ended 30 September 2017 compared to net profit of KD 29 million (approx. US$ 95.8 million) during the same period in 2016.
Emirates Integrated Telecommunications Company PJSC, the parent company of "du" and "Virgin Mobile UAE", published its financial results for the quarter ended 30 September 2017, showing a 4 percent growth in net profit after royalty to AED 476 million.