Etisalat has made history by emerging as the strongest brand across all categories in Middle East and Africa (MEA) region. This feat puts Etisalat among the top 25 brands globally in the strongest brands index by Brand Finance, the world’s leading independent brand valuation and strategy consultancy.
Telecom Operators
Etisalat, du increase foreign ownership limit to 49 percent
UAE telecom operators Etisalat and du have raised foreign ownership caps to 49 percent in a move to lure external investors.
Cybersecurity arm of Etisalat Digital Help AG appoints new country director for KSA
Help AG, the cybersecurity arm of Etisalat Digital, has appointed Fahad Al-Suhaimi as country director for Saudi Arabia.
stc Group launches world-class cybersecurity services and solutions company
Given the growing demand for cybersecurity and in response to market needs in light of digital transformation, stc Group launches the Advanced Technology and Cybersecurity Company.
Etisalat starts COVID-19 vaccination drive for eligible employees
Etisalat rolled out its vaccination programme for eligible employees across the UAE in co-ordination with the Ministry of Health.
Tata Communications shares its Q3 results
Tata Communications announced its financial results for the quarter ended December 31st, 2020. On a YoY basis, its consolidated profit after tax (PAT) rose 428 percent to Rs 309.41 crore for the third quarter ended December 31, 2020, compared to Rs 58.85 crore in the same period last year. The surge in profit was attributed to cost efficiencies and improved business processes as well as higher deferred tax credits during the quarter under review.
Zain Saudi Arabia bags 3 awards for the best 5G network in the Kingdom
Zain Saudi Arabia has won the three prizes devoted to the experience of 5G users for each of the indicators of "download speed of the fifth generation network" (5G) and "the provision of fifth generation services (5G)" and "Download speed for fifth generation (5G) users."
UAE telecom stocks power market over foreign ownership plans
Markets in the UAE finished stronger on Tuesday, powered by the country’s telecoms firms, which surged on the prospect non-UAE nationals’ shareholdings could rise.
stc publishes financial result for Q4 and 12 months period of 2020
stc announced the company’s preliminary financial results for the period ending at 31 December 2020. Revenues for the 4th quarter reached SR 15,213m with an increase of 14.69% compared to the corresponding quarter last year. For the 12 months period of 2020, the revenues reached SR 58,949m, registering an increase of 8.43%.
Du considers increase in foreign ownership in company shares
UAE telecom operator du is considering the increase of foreign ownership in its shares. The company will hold a board of directors meeting on January 20 to discuss the proposal.