Telecom Operators

Ooredoo has announced the appointment of Dr. Samer Fares as the new Chief Executive Officer of Ooredoo Palestine, effective May 15, 2023, succeeding Dr. Durgham Maraee.

Omantel, the leading provider of integrated telecommunication services in the Sultanate of Oman, has collaborated with Infinera and Jio in developing two key industry white papers on subsea cable technology.

Zain Bahrain has recently deployed Ericsson's New 5G Hardware, which weighs less than earlier generations of 5G radios and is expected to save up to 18% more energy, contributing to a better, more sustainable future. 

e& enterprise, part of e&, has announced the signing of a binding agreement to acquire a majority stake in Beehive, MENA’s leading peer-to-peer digital platform, to tap into opportunities in the Small and Medium Enterprise (SME) lending market.

etisalat by e& has launched its new Maritime SATCOMS portfolio of services for all vessels operating in UAE territorial waters and beyond, including 16 countries and 164 million customers served by e& across the Asia, Middle East and North Africa regions.

Ooredoo announced its financial results for the first three-month period of 2023. Revenue grew 2% to QAR 5.6 billion in Q1 2023, compared to QAR 5.5 billion in Q1 2022, driven by mobile data, fixed B2B, wholesale and handsets.

e& and Vodafone Group Plc have agreed to a strategic relationship that will bring certain aspects of the two operators’ businesses closer together across Europe, the Middle East and Africa. 

Emirates Integrated Telecommunications Company PJSC (“EITC”) announced its financial results for the quarter ended March 31, 2023. Sustained demand for fixed and mobile services contributed to a significant 10% revenue growth to AED 3.44 billion and a 7.7% increase in EBITDA to AED 1.37 billion. Net profit jumped 19.1% to AED 370 million. Operating Free Cash Flow (EBITDA minus Capex) was stable at AED 958 million.

Zain KSA recorded SAR 2.4 billion in revenue for Q1 2023, a growth of 11% compared to Q1 2022. These results reflect the success of Zain KSA’s strategy, which focuses on enhancing the customer experience, expanding its footprint in next-gen technologies, investing in adjacent markets and developing its infrastructure and 5G services while continuing to enhance governance to ensure sustainable growth and profitability, which has led the company to become the preferred partner of choice for businesses and individuals.

e& announced its consolidated financial results for Q1 2023, with consolidated revenues reaching AED 13 billion. At constant exchange rates, revenue increased by 6.6%. Consolidated net profit recorded AED 2.2 billion, while consolidated EBITDA reached AED 6.2 billion, resulting in an EBITDA margin of 48%.