stc is making a substantial investment that aims to propel its 5G capabilities into the next era of advancement. This strategic initiative is designed to solidify the company's position as the leading regional 5G operator. The investment is carefully directed towards expanding the 5G network, reinforcing the company's leadership, and enhancing its standing in the competitive 5G market.
du, from Emirates Integrated Telecommunications Company (EITC), announced the launch of its next-generation 5G Standalone (SA) technology. This cutting-edge technology marks a significant advancement in wireless communication, pushing the boundaries of ultra-low latency and robust security features.
Omantel, the leading provider of integrated telecommunication services in the Sultanate of Oman, has launched the next-generation Fiber To The Room (FTTR) solution to an exceptional home broadband experience to subscribers.
After launching the first zero-emission 5G network worldwide, Zain KSA announced the expansion of its 5G services to cover ten additional cities, including Al-Aflaj, Al-Lith, Al Qunfudhah, Al Badayea, Samtah, Shaqra, Al Khobar, Duba, Al Bukayriyah, and Rabigh. These cities now enjoy high-speed 5G digital services.
etisalat by e& has declared the successful conclusion of the initial trial for the world's first 1.6Tbps per wavelength technology on the Optical Transport network, representing a significant achievement in the ultra-high-speed optical industry.
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 announced the establishment of the Sustainability Innovation Hub in collaboration with the GCC Telco Alliance members along with e&, STC, Ooredoo, Beyon, Omantel, du, and other key regional and international partners. This initiative is driven by the urgent need to address climate change and expand access to affordable and reliable energy.
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.
e& successfully acquired 50.03% of Careem Technologies (known as the Careem ‘everything app’) through a substantial investment of USD 400 million dedicated to fostering the company’s growth.
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.
