Telecom Egypt has announced a 20% year-on-year increase in consolidated revenue in the quarter ended 30 June 2020, with turnover rising to EGP7.94 billion (USD497 million). It attributed this level of growth to what it called a ‘spike’ in retail revenue, which rose by 43% y-o-y to EGP3.63 billion.
Kuwait Telecommunications Company (stc) announced its financial results for the six-month period, which ended 30 June 2020.
Etisalat claims its readiness to serve the ‘New Normal’ by encouraging and advancing digital transformation with the help of new partnerships, collaborations and investments with digital adoption being key for new digital services, said Dr. Ahmed Bin Ali, Senior Vice President, Corporate Communications, Etisalat Group.
Kuwait Telecommunications Company, stc, has announced the successful trial of its expanded 5G network on a 2.1 GHz frequency band, the first of its kind in Kuwait, with the ability to provide better 5G solutions to its customers.
NEOM announced its first step to create the “world’s leading cognitive cities” after signing a contract with stc group to establish a 5G network infrastructure that will accelerate NEOM’s digital ambitions.
MTN Group has reported encouraging results for the first half of 2020, navigating well through the economic crisis brought on by COVID-19, and have announced they are pulling-out of the Middle East.
Ooredoo Kuwait said that revenues decreased by 5 percent to KWD 294.1 million in the first six months to 30 June from KWD 310.4 million a year earlier.
Digital Financial Services, a joint venture between Etisalat and Noor Bank, today announced the launch of eWallet's utility bill payment services, giving customers peace of mind and savings while paying their bills.
stc has announced the company’s preliminary financial results for Q2 and H1 2020, the period ending at 30 June 2020.