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.

Read more: EITC (du) Reports Net Profit of AED 1.22 Billion in 2022

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).

Read more: Etisalat UAE, FTA Prepare Muwafaq Package to Support SMEs and Promote Tax Compliance

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.

Read more: touch Opens World’s First Telecom Customer Service Center in Metaverse

A newly formed subsidiary of private global investment company Priora Management Holding Dubai announced the acquisition of Virgin Mobile Middle East and Africa (VMMEA), the largest mobile virtual network operator (MVNO) in the region, with active operations in the Kingdom of Saudi Arabia, the United Arab Emirates, Oman and Kuwait under the brands Virgin Mobile and Friendi Mobile.

Read more: Virgin Mobile Middle East and Africa Acquired by Global Investment Company

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.

Read more: Vodafone and Other Major Telcos Partner in EU-Approved Ad Tech Platform

During LEAP 2023, Zain KSA and Qualcomm Technologies, Inc. announced an expanded collaboration to drive cloud-native, virtualized and O-RAN-compliant 5G infrastructure in Saudi Arabia. This collaboration will focus on 5G networks of the future — using Open RAN technology — and make cellular infrastructure more innovative, competitive and cost-efficient.

Read more: Zain KSA and Qualcomm to Drive Next-Generation of 5G Infrastructure

stc, the leading digital enabler in the region, announced the successful validation of AWS Snowball Edge in stc Lab, a device with onboard storage and compute power for select AWS capabilities. Snowball Edge can do local processing and edge-computing workloads to help stc deploy Mobile Private Networks (MPN) and MEC offerings at the edge in a fully disconnected and transportable fashion.

Read more: stc and solutions by stc Validate AWS Snowball Edge Computing

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