Emirates Telecommunications Group Company PJSC “e&” (Etisalat Group) announced that it has acquired approximately 2,766 million shares in Vodafone Group Plc, representing 9.8% of Vodafone’s issued share capital (excluding treasury shares) for purchase cost of circa USD 4.4 billion. e& has made the investment in Vodafone to gain significant exposure to a world leader in connectivity and digital services.
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.
Zain KSA has signed an MoU with the University of Tabuk during the International Conference and Exhibition for Education (ICEE) to support collaboration and channel deeper expertise to encourage education and empower youth in the field of information and communication technology (ICT). The MoU serves the national strategic goals of developing human capabilities to keep pace with the Kingdom’s digital transformation and unlocking more employment opportunities for the youth of Saudi.
Hatem Dowidar, group CEO of e&, commented that the company’s first quarter results are a testament to the effectiveness of beginning a new chapter of its journey as a global tech and investment conglomerate that digitally empowers societies.
Saudi telecom provider, stc, reported a net profit after Zakat and tax of SAR 3.035 billion for the first quarter of 2022, up 3% from SAR 2.952 billion in the year-ago period.
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.
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.
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.
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%.
Salam, the leading Saudi company in the ICT sector, signed a partnership agreement with Nokia for the implementation of two projects that would enhance its digital infrastructure in Saudi Arabia.