During a recent media roundtable hosted by Huawei at the Global Mobile Broadband Forum 2024 (MBBF 2024) in Turkey, Hani Al Mukhaini, Senior Manager of Network Design at Omantel, delved into the evolution of 5G and the role of 5G FWA in Oman.

Pin It
Read more: Omantel's Vision for a Digitally-Connected Oman

At this year's MBBF conference, Huawei made “MAGICSwave” with a groundbreaking demonstration of its all-weather all-terrain microwave technology.

Pin It
Read more: Huawei's 5.5G Microwave Tech: All-scenario Deployment, All-weather Reliability, and All-frequency...

In its quest to solidify its role as a leader in Oman's digital transformation, Ooredoo Oman won’t stop until it positions itself as the undisputed leader in Oman. Expanding on this trajectory, Quique Vivas, Chief Commercial Officer, Ooredoo Oman, shared his expertise from a commercial perspective with Telecom Review.

Pin It
Read more: Ooredoo Oman: Fast and Furious in Adopting a Digital-First Strategy

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