stc announced the company’s annual consolidated financial results for 2022. The total revenue for the year 2022 reached SAR 67.432 billion (~US$17 billion), an increase of 7% as compared to 2021.
Under the auspices of the Minister of Telecommunications, Eng. Johnny Al Corm, touch Lebanon opened its groundbreaking smart center, the first of its kind globally, to serve customers in the virtual world of the metaverse.
Orange, a major digital player in Europe, Africa, and the Middle East, has presented its strategic plan, Lead the future.
Zain KSA and AST SpaceMobile signed a non-binding memorandum of understanding (MoU) during the LEAP 2023 tech conference in Riyadh.
Etisalat UAE, branded as etisalat by e&, has completed the acquisition of Service Souk DMCC “ServiceMarket,” acquiring a 100% shareholding of the online marketplace. This acquisition is in line with the Group’s strategy to empower consumers, strengthen Smiles’ online marketplace presence and drive diversification.
Vodafone Group, Deutsche Telekom AG, Orange SA and Telefónica SA will form a joint venture for the implementation of a privacy-by-design digital marketing technology platform in Europe that seeks to benefit consumers, advertisers and publishers alike.
Ooredoo Group announced its financial results for the year 2022, with a revenue increase of 4% to QAR 22.7 billion and a net profit surge of 26% at QAR 2.8 billion. The consolidated customer base across Ooredoo’s operating markets stands at 56 million. It is worth noting that the normalized Proforma numbers revealed exclude Indosat Ooredoo and major non-recurring items.
Vodafone Qatar achieved a speed score of 238.56, with median download speeds of 154.69 Mbps and median upload speeds of 21.42 Mbps during Q3-Q4 2022, according to results from consumer-initiated tests taken with Ookla’s Speedtest.
Emirates Integrated Telecommunications Company PJSC (“EITC”), branded as du, announced its financial results for the year ended December 31, 2022. Full-year revenues grew by 9.2% to AED 12.75 billion on sustained demand for broadband services and 5G handsets as well as a gradual recovery of mobile services. It reported a 10.8% improvement in net profit to AED 1.22 billion as higher EBITDA and lower net finance costs were offset by an increase in depreciation and royalty charges.
The Federal Tax Authority (FTA) has signed a collaboration agreement with Etisalat UAE, branded as etisalat by e&, to offer a bundle of facilities and privileges for registrants in the Muwafaq package initiative soon to be launched this year to facilitate tax compliance for small and medium-sized enterprises (SMEs).
