Telecom equipment maker, Sterlite Technologies Ltd (STL), announced major new deals and extensions to current engagement with leading telcos in the Middle East and Africa region (MEA), worth $100 million
Etisalat Group posted its consolidated financial statements for the 12 months ending December 31 2020.
South African MTN Group said in a statement that it is still on its word to continue negotiating a $65 million sale of its 75% stake in its Syrian unit despite the business, MTN Syria, being placed under judicial guardianship over alleged MTN violations of the terms of its licensing contract, which the state says deprived the government of revenue.
The Saudi Mobile Telecommunication Co. (Zain KSA) recorded a net profit of SR260 million ($70 million) for the year 2020, a 46 percent decrease in earnings as compared to a previous net profit of SR485 million, the company stated on the Saudi stock exchange (Tadawul).
Vodafone Qatar announced its financial results for the full year ended 31 December 2020, highlighting the Company’s forward movement in the growth trajectory.
Etihad Etisalat (Mobily) achieved a net profit of SAR 783 million for the year ended 31 December 2020, compared to a net profit of SAR 31 million in 2019.
Telecom giants Etisalat and stc remain the frontrunners across the MEA region, claiming the title of the MEA’s strongest and most valuable telecoms brands, respectively, as per Brand Finance Telecoms 150 2021 report.
Etisalat Group announced its preliminary financial results for the year 2020, recording a 4% year-on-year growth in profits to reach 9 billion dirhams ($ 2.45 billion), benefiting from reduced operating expenses after the fourth quarter of 2019 saw allocations of 1.2 billion dirhams due to a decrease in value of the subsidiary company in Pakistan. These results are among the highest annual profits recorded by the group since 2016.
Smile Telecoms Holdings Ltd., a Pan-African telecommunications group with operations in Nigeria, Uganda, Tanzania, and the Democratic Republic of the Congo, announced after its board meeting, significant changes in the leadership of the Group's board and management.
Leading telecommunications provider in the kingdom, Zain Bahrain has reported net profit of BD 1.698 million for Q4-2020, up an impressive 17 per cent from BD1.454m for the same period in 2019.
