Telecom Operators

The Kuwait Telecommunications Company, known as stc, has proven to be an outstanding digital pioneer, providing innovative services and platforms to its customers, driving Kuwait's digital transformation forward. The company has now proudly announced the successful completion of a pilot test for its groundbreaking Mobile VPN technology. This accomplishment firmly establishes stc as the first telecommunications operator in Kuwait to achieve this remarkable feat. The expert implementation of Mobile VPN highlights stc's technical prowess and unwavering dedication to delivering dependable and secure mobile communication solutions. This pioneering technology empowers mobile users by granting them smooth and secure connectivity to both public and private networks.

Ooredoo announced its financial results for the first six-month period of 2023. Among the highlights are figures showing strong year-on-year (YoY) revenue growth of 3%, reaching QAR 11.4 billion; a healthy EBITDA of QAR 4.8 billion with a margin of 42%; exceptional 20% YoY growth in normalized net profit, reaching QAR 1.6 billion; and an expanded customer base (including IOH) to 156.2 million, a solid 3% YoY growth.

Recently recognized as Saudi Arabia’s fastest-growing and most innovative telecom brand, Salam — part of the Mawarid Media & Communications Group (MMCG) and Mawarid Holding Company — will begin utilizing Oracle Communications’ monetization and unified operations solutions to help quickly deliver differentiated services to its consumer and enterprise customers.

Ooredoo Q.P.S.C. (Ooredoo) — Ticker: ORDS — has announced the appointment of Roni Tohme as the new Chief Executive Officer of Ooredoo Algeria, effective August 1, 2023, after a successful interim period as the company’s acting CEO.

etisalat by e& has announced the launch of its latest offering, Wi-Fi as a Service, a cutting-edge solution specifically designed to empower businesses with enhanced connectivity by extending their Wi-Fi signal and coverage throughout their premises.

e& has announced its consolidated financial results for H1 2023.

Zain KSA achieved its highest half-year profit ever during the first half of 2023, amounting to SAR 687 million, a 221% increase compared to the first half of 2022. The increase in profit is attributed to a growth in revenue during the first half of the year to SAR 4.8 billion, a 10% increase compared to the corresponding period in 2022.

Zain Omantel International (ZOI), the Middle East's premier international wholesale powerhouse, has recently formed a strategic wholesale international agreement with du from Emirates Integrated Telecommunications Company (EITC). The partnership guarantees exceptional voice, messaging and data roaming services powered by advanced 5G technology connectivity.

e& and PPF Group (PPF) have recently signed a binding agreement, bringing exciting changes to the telecom industry. e& will acquire a controlling stake (50% + 1 share economic stake) in PPF Telecom Group’s (PPF telecom division’s) assets across Bulgaria, Hungary, Serbia and Slovakia.

stc has announced the company’s preliminary financial results for the period ending June 30, 2023.