Telecom Operators

e& has announced the introduction of an eco-friendly Green SIM Card initiative for its UAE customers in the run-up to the upcoming 28th Conference of the Parties to the UNFCCC (COP28) in Dubai.

Zain KSA achieved highest quarterly revenues exceeding SAR 2.5 billion, a notable 10% increase compared to the SAR 2.2 billion generated in the third quarter of the previous year, as well as recording SAR 285 million in net profit, a significant growth of 234% compared to the corresponding period in 2022.

Oman Telecommunications Company Group (MSX: OTEL) reported significant growth for the nine months ended September 2023, with net profit increasing 28.7% from RO 195 million to RO 251 million at the end of September 2023. Group revenue grew 10.6% from RO 1981.5 million to RO 2192.5 million at the end of September 2023.

du, from Emirates Integrated Telecommunications Company (EITC), has partnered with Ookla, a global leader in connectivity intelligence, to provide a superior customer experience with enhanced connectivity. Under the terms of the agreement, Ookla will offer du its end-to-end solutions, providing global insights on quality of service (QoS) and quality of experience (QoE), thus enabling du to make informed decisions toward network improvements. This partnership further solidifies du's dedication to providing world-class network performance for its customers.

During the past year, Telecom Egypt's consolidated revenue grew significantly, reaching EGP 42.0bn, a 30% YoY increase. This growth was driven by a nearly doubled year-on-year IDD revenue of EGP 4.3bn, thanks to increased traffic and USD appreciation.

e& announced its consolidated financial results for Q3 2023 reporting consolidated revenues of AED 13.4 billion with a YoY increase of 3.3%, while consolidated net profit was AED 3 billion, a YoY increase of 20%.

du, from Emirates Integrated Telecommunications Company (EITC), and Dubai Silicon Oasis, the special economic zone for knowledge and innovation and a member of the Dubai Integrated Economic Zones Authority (DIEZ), have announced their partnership to expand the smart services offered at Dubai Digital Park. This collaboration aims to contribute to Dubai Digital Park’s status as Dubai’s first integrated smart city and enable a transformative digital experience for its residents, visitors and employees.

du, from Emirates Integrated Telecommunication Company (EITC), reported a 57.7% increase in total net profit to AED 504 million ($137 million) and revenue growth of 3.7% to AED 3.3 billion for the third quarter of the year, as revenue grew on high demand for mobile and fixed services.

The UAE’s telecom operators announced receiving the new Royalty Guidelines for the telecommunications sector from the Ministry of Finance. This included details of the new Telecom Federal Royalty Regime, applicable from 2024-2026 in the context of the new corporate tax regime.

stc announced the company’s preliminary financial results for the current year’s third quarter, ending September 30, 2023.