Emirates Integrated Telecommunications Company PJSC (“EITC”) published its financial results for the second quarter of 2020. EITC reported for the first half of the year (H1 2020) revenues of AED 5.66 billion and a net income of AED 570 million.
Batelco, the leading digital solutions provider in Bahrain, has announced the establishment of “Global Zone Kuwait”, which will offer an ecosystem platform to further support the enablement of digital transformation in the region.
Etisalat Group has announced its consolidated financial results for H1 ending 30th June 2020, demonstrating a 3% Year-on-Year (YoY) increase in consolidated net profits to AED 4.6 billion.
Zain KSA has announced the expansion of its 5G network to cover all the Kingdom’s regions, after it has recently included Al-Jouf and the Northern Borders.
Virgin Mobile has launched the first phase of its innovative digital loyalty program, designed to reward its customers with cashback based on their tenure, interaction and spend with the brand.
The Saudi Telecom Company (stc) has reportedly completed a due diligence study in its acquisition of Vodafone Group’s stake in Vodafone Egypt.
Saudi Telecom Company (stc) said it would need another two months to complete the purchase of Vodafone Group's 55 percent stake in Vodafone Egypt.
stc pay, digital wallet and subsidiary of stc Telecom Company, Saudi Arabia’s largest telco, and Visa, the world’s leader in digital payments, entered into an exclusive strategic partnership to launch customer-centric financial services and digital payment solutions to stc pay customers. The strategic partnership, involving a multi-year agreement, was signed via videoconference by Ahmed Alenazi, CEO of stc pay, and Ali Bailoun, Visa’s GM for Saudi Arabia.
In a pilot initiative aiming to adopt and support a more agile digital culture, Ooredoo Group has extended its Work-From-Home procedures, allowing employees whose work doesn't require them to physically be in the office to continue working remotely until the end of 2020.
Zain KSA has signed a Memorandum of Understanding (MoU) with Etihad Etisalat Company, Mobily, to form a committee to draw up a request for proposal to buy their telecoms towers, merge them into one company with other investors, or operate them on their behalf.