M360 MENA is set to bring together leaders from across the technology, telecoms, and government sectors in Doha, Qatar, on November 18-19, 2024. Lara Dewar, Chief Marketing Officer (CMO), GSMA, spoke to Telecom Review ahead of the event to share her insights.

Pin It
Read more: Unlocking MENA’s Potential: GSMA’s M360 Summit to Ignite Innovation in Doha

By Bob Chen, President of Huawei Optical Business Product Line

Pin It
Read more: Making Intelligence Ubiquitous: F5.5G, All-Optical 10 Gbps and Premium Transmission Network

In a detailed exclusive interview, Telecom Review spoke to Omar Al-Anni, President & Chief Executive Officer, TelcoBrain Technologies Inc. to learn more about their disruptive approach of automating the entire process and providing businesses with accurate, real-time, and continuous insights that align end-to-end technology infrastructure with business objectives.

Pin It
Read more: TelcoBrain: Redefining Technology Evolution Standards of Telecom and Beyond

COVID-19 updates
Typography
  • Smaller Small Medium Big Bigger
  • Default Helvetica Segoe Georgia Times

Saudi Telecom Company (stc) has paused talks with banks regarding a $2 billion financial package for the acquisition of Vodafone Group’s Egyptian business due to disruption caused by Covid-19.

Sources said that stc remains keen to acquire Vodafone Group’s 55 per cent stake in Vodafone Egypt, after the pair signed an MoU and agreed on a $2.4 billion deal in late January.

The recent downturn in global economies caused by the pandemic has seen stc put talks regarding a debt-based finance package on hold.

stc had been negotiating a $2 billion funding agreement with banks, which could recommence at a later date.

Vodafone Egypt is the country’s largest mobile operator with more than 40 million mobile connections at the end of 2019. While the companies aimed to close the deal by end-June, Telecom Egypt, which holds the remaining 45 per cent stake in Vodafone Egypt, revealed the nation’s Financial Regulatory Authority was not keen to approve any deal which did not see stc take a 100 per cent stake.

Telecom Egypt had stated it was in the process of appointing investment bank(s) to consider all of the possible investment options and opportunities to STC’s acquisition, given its rights that are stipulated in the shareholder agreement.

Pin It