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.
Emirates Integrated Telecommunications Company (EITC), also known by its brand name “du,” announced its financial results for the quarter ended June 30, 2023. The company reported service revenue growth of 8.9% on the back of strong demand for postpaid mobile and fixed services. Total quarterly revenue reached AED 3.35 billion, according to the company statement.
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.
Ooredoo Group, Zain Group and UAE-based TASC Towers Holding have entered into a negotiation that will see them combine their approximately 30,000 telecommunication tower assets in Qatar, Kuwait, Algeria, Tunisia, Iraq and Jordan into a jointly owned independent tower company in a cash and share deal. This new partnership will form the largest tower company in the MENA region.
e& has announced its consolidated financial results for H1 2023.
Vodafone Group Plc (Vodafone) announces the appointment of Luka Mucic as Chief Financial Officer and as Executive Director of Vodafone, effective September 1, 2023.
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.
solutions by stc, the specialized business arm of Kuwait Telecommunications Company — stc, has won the tender to provide the Public Utilities Management Company (PUMC) with a comprehensive ticketless parking management solution throughout its various parking locations across Kuwait.
stc has announced the company’s preliminary financial results for the period ending June 30, 2023.
du, from Emirates Integrated Telecommunication Company (EITC), has hosted a Leadership Majlis for its Graduate Trainees. The event was held at the SEE Institute (Sustainability Research). The event aims to recognize and celebrate the achievements of Graduate Trainees who joined in 2022.
