Telecom Operators

The National Bank of Oman (NBO), the largest local bank in Oman, recently chose Infinet Wireless' solutions for the deployment of its new national network, one that is reliable enough to connect all its mission critical applications and linking up the bank's local branches, its main training center and head office. According to the statement, the main criteria for choosing Infinet was its ability to deliver optimal connectivity, “always-on” and cost-effective. This new platform was also able to overcome previous challenges related to the bank's legacy network, primarily based on the Free Space Optics technology.

stc announced the company’s preliminary financial results for the period ending at 31 December 2020. Revenues for the 4th quarter reached SR 15,213m with an increase of 14.69% compared to the corresponding quarter last year. For the 12 months period of 2020, the revenues reached SR 58,949m, registering an increase of 8.43%.

Etisalat has made history by emerging as the strongest brand across all categories in Middle East and Africa (MEA) region. This feat puts Etisalat among the top 25 brands globally in the strongest brands index by Brand Finance, the world’s leading independent brand valuation and strategy consultancy.

UAE telecom operators Etisalat and du have raised foreign ownership caps to 49 percent in a move to lure external investors.

Help AG, the cybersecurity arm of Etisalat Digital, has appointed Fahad Al-Suhaimi as country director for Saudi Arabia.

Given the growing demand for cybersecurity and in response to market needs in light of digital transformation, stc Group launches the Advanced Technology and Cybersecurity Company.

Etisalat rolled out its vaccination programme for eligible employees across the UAE in co-ordination with the Ministry of Health.

Tata Communications announced its financial results for the quarter ended December 31st, 2020. On a YoY basis, its consolidated profit after tax (PAT) rose 428 percent to Rs 309.41 crore for the third quarter ended December 31, 2020, compared to Rs 58.85 crore in the same period last year. The surge in profit was attributed to cost efficiencies and improved business processes as well as higher deferred tax credits during the quarter under review.

Zain Saudi Arabia has won the three prizes devoted to the experience of 5G users for each of the indicators of "download speed of the fifth generation network" (5G) and "the provision of fifth generation services (5G)" and "Download speed for fifth generation (5G) users."

Markets in the UAE finished stronger on Tuesday, powered by the country’s telecoms firms, which surged on the prospect non-UAE nationals’ shareholdings could rise.