stc Group announced its financial results for the third quarter of 2024, achieving both its highest nine-month revenues and revenues to date. The company’s revenue increased by 3.92% YoY, reaching SAR 56.627 billion while net profit for the period reached 11.233 billion, reflecting an increase of 11.9%.

Read more: stc Group Drives Saudi Arabia’s Digital Future, Delivering Highest-Ever Q3 Results

Zain KSA, a leading telecom and digital services provider in Saudi Arabia, has announced the acquisition of a new 600 MHz spectrum band, one of the most widely adopted bands for 5G standalone (5G SA) mobile services. This milestone was achieved through the spectrum auction conducted by the Communications, Space, and Technology Commission (CST) on November 11-12, 2024.

Read more: Zain KSA Unlocks New 5G Horizons with Low-Band Spectrum

e& announced its Q3 2024 consolidated financial results, reporting consolidated revenue of AED 14.4 billion, growing 10% year-over-year (YoY) in constant currency, while consolidated revenues for the first nine months of year 2024 reached AED 42.7 billion, growing 9% YoY, reflecting continued growth across most verticals.

Read more: e& Group’s Q3 Highlights Record Growth and Global Ambitions

UAE-based telecom operator, e& international, signed a Memorandum of Understanding (MoU) with global technology leaders, including Huawei, Ericsson, Nokia, and Intel, to establish autonomous mobile networks, revolutionizing the telecommunications landscape using artificial intelligence (AI).

Read more: Global Tech Giants to Build AI-Powered Autonomous Mobile Networks

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