Tech Mahindra, a leading provider of digital transformation, consulting and business re-engineering services and solutions, has expanded its partnership with Vodafone Germany towards the transformation of its sales and customer experience processes.
Telecom Operators
Ooredoo Group FY 2022: Net Profit Increase of 27%, Best Result Since 2013
Ooredoo Group announced its financial results for the year 2022, with a revenue increase of 4% to QAR 22.7 billion and a net profit surge of 26% at QAR 2.8 billion. The consolidated customer base across Ooredoo’s operating markets stands at 56 million. It is worth noting that the normalized Proforma numbers revealed exclude Indosat Ooredoo and major non-recurring items.
stc Bahrain and center3 Finalize Landing of 2Africa Pearls Subsea Cable in Bahrain
stc Bahrain and center3, a subsidiary of stc, have officially completed the marine survey for 2Africa Pearls in Bahrain, marking a significant milestone in the development of the overall 2Africa subsea cable project, according to a company statement.
EITC (du) Reports Net Profit of AED 1.22 Billion in 2022
Emirates Integrated Telecommunications Company PJSC (“EITC”), branded as du, announced its financial results for the year ended December 31, 2022. Full-year revenues grew by 9.2% to AED 12.75 billion on sustained demand for broadband services and 5G handsets as well as a gradual recovery of mobile services. It reported a 10.8% improvement in net profit to AED 1.22 billion as higher EBITDA and lower net finance costs were offset by an increase in depreciation and royalty charges.
stc Group Exceeded US$17 Billion Total Revenue for 2022
stc announced the company’s annual consolidated financial results for 2022. The total revenue for the year 2022 reached SAR 67.432 billion (~US$17 billion), an increase of 7% as compared to 2021.
touch Opens World’s First Telecom Customer Service Center in Metaverse
Under the auspices of the Minister of Telecommunications, Eng. Johnny Al Corm, touch Lebanon opened its groundbreaking smart center, the first of its kind globally, to serve customers in the virtual world of the metaverse.
Orange Presents Its New Strategic Plan: ‘Lead the Future’
Orange, a major digital player in Europe, Africa, and the Middle East, has presented its strategic plan, Lead the future.
Zain KSA, AST SpaceMobile to Provide Space-Based Cellular Broadband
Zain KSA and AST SpaceMobile signed a non-binding memorandum of understanding (MoU) during the LEAP 2023 tech conference in Riyadh.
e& Adds Online Platform ServiceMarket to Smiles Ecosystem
Etisalat UAE, branded as etisalat by e&, has completed the acquisition of Service Souk DMCC “ServiceMarket,” acquiring a 100% shareholding of the online marketplace. This acquisition is in line with the Group’s strategy to empower consumers, strengthen Smiles’ online marketplace presence and drive diversification.
Vodafone and Other Major Telcos Partner in EU-Approved Ad Tech Platform
Vodafone Group, Deutsche Telekom AG, Orange SA and Telefónica SA will form a joint venture for the implementation of a privacy-by-design digital marketing technology platform in Europe that seeks to benefit consumers, advertisers and publishers alike.