IN THE SPOTLIGHT
Huawei reported 35.6 billion yuan ($5.12 billion) in net profits in 2022, a drop of 68.7% as compared to 2021 (113.7 billion yuan) in its annual report. The company generated 642.3 billion yuan ($92.37 billion) in revenue. During a press conference, Huawei said that it would continue to strengthen investment in R&D, with an annual expenditure of 161.5 billion yuan ($23.22 billion) in 2022, representing 25.1% of the company's annual revenue and bringing its total R&D expenditure over the past 10 years to more than 977.3 billion yuan ($140.55 billion).
Oman’s Telecom Regulatory Authority (TRA) has prepared a draft regulation for mergers and acquisitions transactions in the telecommunications sector in Oman.
European satellite telecommunications provider SES is exploring a possible merger with Intelsat, another tie-up in the sector as the race for space-based internet service heats up.
Telecom Review’s 2023 Virtual Panel Series continues on May 2. Join us for an informative and engaging panel discussion with CSP experts to learn how to modernize DDI solutions for the future of telco cloud.
Netcracker Technology has received the Chairman Award for Champion Partner of the Year from Vodafone Oman in recognition of its invaluable contributions during the mobile operator’s first year of operations. A partner from day one, Netcracker played a key role in supporting Vodafone to develop new products and services, expand its reach and strengthen its brand across the country. The award was presented to Netcracker during Vodafone Oman’s first-anniversary celebration.
Ooredoo has partnered with Shell Oman Marketing Company SAOG (Oman Shell) to launch a unique customer promotion to win exciting gifts, from on-net calls to social and local data. On purchasing Shell Helix Lubricants, customers will receive a voucher card, and the code simply needs to be entered into the Ooredoo App to redeem one of the great prizes available. The promotion will take place at all Shell service stations across Oman from March 7 to April 30, 2023.
Telecom Egypt announces that Eng. Mohamed Nasr Eldin Mohamed Ali has been appointed as Managing Director and CEO of the company to succeed Eng. Adel Hamed Ibrahim Gadallah. The board of directors (the “Board”) has accepted Eng. Adel Hamed’s request to be relieved of the position of Managing Director and CEO to assume a new role at the Ministry of Communications and Information Technology. However, Eng. Hamed will remain on Telecom Egypt’s board of directors as a non-executive member.
ITU Secretary-General Doreen Bogdan-Martin has been awarded the 2023 IEEE President's Award for her “distinguished leadership and contributions to the public."
Zain Saudi Arabia announced its financial results for the year 2022, achieving the highest revenues in the company’s history, amounting to SR 9.1 billion ($2.42 billion), compared to SR 7.9 billion in 2021, an increase of 15%. The company also scored its highest net profit of SR 550 million ($146.7 million), with a record growth of 157% compared to its 2021 profits. The company’s board of directors has recommended the distribution of cash dividends to shareholders for the year 2022 at 5% of the nominal share value.
e& and E-Space, a global space company focused on bridging Earth and space with the world’s most sustainable Low Earth Orbit (LEO) network, have announced plans to develop advanced global IoT, Smart-IoT and digital transformation solutions.
Latest News
MTN GlobalConnect’s initiatives seek to bring the company closer to realizing its purpose of “enabling the benefits of modern, connected life for everyone.” In an exclusive interview with Telecom Review, MTN GC’s CEO, Frédéric Schepens, detailed the company’s recent milestones and latest financial results. He explained the challenges and opportunities, the steps being taken to achieve its Ambition 2025 strategy and its distinct workforce culture, among other informative insights.
In an exclusive interview with Telecom Review, Ooredoo Tunisia CTIO Hatem Mestiri talked about the concept of openness for telecom operators and how the company is focusing on attracting more partners to bring more innovation.
Continuing our focus on leading women in the ICT industry, Telecom Review talks to Maria Lema, co-founder of Weaver Labs, on how her company’s solution is making a difference in the telecom sector.
