Ooredoo Group’s strong commercial and operational momentum from 2023 has carried over into the first half of 2024, resulting in another strong quarter with growth across all key financial metrics.
With 2023 being an exceptional year, Vodafone Qatar reported its half-yearly net profit of QAR 293 million, representing an increase of 12.8% year-on-year, mainly driven by higher EBITDA. The company’s Q1 results have previously shown positive improvements across all key indicators.
du, commercially rebranded from Emirates Integrated Telecommunications Company (EITC), has welcomed the first batch of participants for the Future X graduate trainee program.
As part of its corporate sustainability strategy and commitment to environmental preservation in Saudi Arabia, Zain KSA has signed a strategic partnership with non-profit organization, Ertiqa, to roll out the second phase of its e-waste management and recycling campaign.
du, in collaboration with Nokia and MediaTek, announced a major milestone in the integration and enhancement of 5G technologies in the Middle East and Africa (MEA). This innovative trial, a first in the region, has successfully boosted uplink (UL) performance by 70% on du’s 5G-Advanced network, simultaneously offering expanded indoor coverage to premium customers.
stc Group has reported strong financial results for the first half of 2024. Commenting on the results, Eng. Olayan bin Mohammed Alwetaid, stc Group’s CEO, commended the efforts made by the Group through its various sectors and subsidiaries in strengthening the Group’s position in a competitive market, which were achieved due to the Group's commitment to its "Dare 2.0" strategy.
stc Group and Ericsson have achieved a groundbreaking milestone by deploying the world's first implementation of Automated Radio Resource Partitioning (RRP) on a 5G standalone network slice.
Emirates Integrated Telecommunications Company P.J.S.C, commercially rebranded as du, has reported a 54.2% net profit spike in the first half of 2024 (H1 2024), bringing its total net profit to AED 1.184 billion, compared to AED 768 in H1 2023. Meanwhile, the company's revenue grew 5.7%, reaching AED 7.174 billion, compared to AED 6.787 billion in H1 2023.
Zain KSA has announced its financial results for the first half of 2024, recording revenues of SAR 5 billion, a 6% increase compared to the same period in 2023. The company also reported a net profit of SAR 172 million, compared to SAR 108 million, a 60% growth over the same period in 2023, excluding the tower infrastructure sale transaction worth SAR 1.1 billion.
Ericsson will deploy its cutting-edge artificial intelligence and machine learning (AI/ML) solutions to significantly reduce energy consumption across Umniah’s network operations in Jordan. This marks a significant advancement in the telecom industry’s efforts towards environmental sustainability.
