Emirates Integrated Telecommunications Company PJSC, EITC, also known as du, announced its financial results for the first quarter of 2022. Revenues grew by 8.5% to AED 3.1 billion on sustained demand for broadband and mobile services while net profit jumped 21% to AED 311 million.

Read more: EITC (du) to maintain Q1 2022’s positive commercial momentum

Zain KSA released its interim financial results for the first quarter of 2022. Showing significant gains in various elements, the operator reported a 98% increase in Q1 2022 net profit compared to the similar quarter of the previous year and has over 190% YoY surge in comprehensive income within the same period.

Read more: Zain KSA Q1 2022: 191% YoY growth in comprehensive income

Ooredoo Group announced its financial results for the quarter ended 31 March 2022. Revenue for the quarter ended 31 March 2022 stood at QAR 5.5 billion, a decrease of 23% compared to the same period last year. Excluding Indosat Ooredoo, revenues increased by 4%.

Read more: Ooredoo Group delivers “healthy, strong results” in Q1 2022

du has signed a Memorandum of Understanding (MoU) with the International Charitable Organization (ICO) in Ajman. The agreement was signed by His Excellency Dr. Khaled Abdel Wahab Al Khaja, secretary-general of the International Charitable Organization and Adel Al Rais, head of corporate communications & protocol, du.

Read more: du supports ICO’s charitable and humanitarian efforts in and outside UAE

The Public Investment Fund (PIF) and stc Group (stc) have signed a joint venture (JV) agreement to establish a new company, specializing in the Internet of Things (IoT), subject to satisfying the conditions in the JV agreement and obtaining the relevant approvals from the competent authorities. The company ownership will be 50% PIF and 50% stc and will be headquartered in Riyadh.

Read more: PIF, stc agree on 50-50% ownership of company for rapid IoT adoption in KSA

du and Huawei have signed an MoU to foster development, enhance skillsets, and accelerate efforts to drive talent progression in the UAE through three core development programs. As part of the longstanding partnership with Huawei, du will equip graduate trainees, technology professionals and senior level professionals with key competencies, knowledge, and technical skills required in the business world. Also as part of the agreement, a competitive leadership training will take place in the UK and Germany in partnership with prestigious business schools and Huawei.

Read more: Huawei and du prepare UAE workforce for rapid digitalization

Cairo, 1st of April 2022 : Telecom Egypt, Egypt’s first integrated telecom operator and one of the largest subsea cables operators in the region, announces that EG-IX, the first open access internet exchange in Egypt, is live and available for customers as of today. The new Internet Exchange, powered by AMS-IX, is intended to enhance the digital experience of internet users in Egypt, Africa, and the Middle East.

Read more: Telecom Egypt and AMS-IX launch EG-IX, the first Open Access Internet Exchange in Cairo, Egypt

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