Emirates Integrated Telecommunications Company (EITC), commercially rebranded as du, has published its financial results for Q1 2024. Revenues increased by 4.1% to AED 3.58 billion, reflecting the company’s continuous commercial momentum and market competitiveness. Notably, the digital telco’s net profit reached AED 603 million, a substantial 62.7% increase year-on-year, primarily reflecting a strong EBITDA growth.

Read more: du Q1 2024: Impressive 63% Surge in Net Profit

Ooredoo Group announced its financial results for the first quarter of the year on a strong note. To highlight, the company delivered a revenue of QAR 5.9 billion, up by 4%, with an increase in normalized net profit of QAR 1 billion, up by 26%.

Read more: Ooredoo Group's Q1 Success: Revenue Up 4%, Net Profit Soars 26%

Nokia has announced that e& UAE, the telecom arm of e&, will leverage Nokia’s cloud interconnect solution to provide connectivity services for hyperscalers in the UAE. By using Nokia’s FP5-based technology, e& UAE can now offer significantly-higher, quality connectivity to hyperscalers in terms of performance, scale, and security to support mission-critical applications delivered across evolved business-class services.

Read more: e& UAE and Nokia Address Connectivity Solutions for Hyperscalers

Zain KSA has signed the ‘Sustainability Champions Initiative,’ a pivotal initiative spearheaded by the Ministry of Economy and Planning during the World Economic Forum, in Riyadh. Recognized as one of the Kingdom's sustainability pioneers, Zain KSA has been selected as one of the top 22 national companies due to its unwavering commitment to sustainable practices.

Read more: Zain KSA to Support 3 ICT Firms as Part of Sustainability Champions Initiative

e& has released its consolidated financial results for Q1 2024, reporting a consolidated revenue of AED 14.2 billion, growing 9% year-over-year, while consolidated net profit increased to AED 2.3 billion, a year-over-year growth of 7%. The group’s consolidated EBITDA reached AED 6.4 billion, growing 3% year-over-year, resulting in an EBITDA margin of 45%.

Read more: e& Reports Consolidated Revenues of AED 14.2 Billion in Q1 2024

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