Telecom Vendors

The digital economy is expanding rapidly globally, and the Asia Pacific and the Middle East regions are no exception. The demand for digital services and solutions are palpable across private and public sectors.

In Q2 2024, Nokia recorded an 18% decrease in net sales and an 8% decline in operating profit compared to the previous year. Despite these challenges, this quarter showed robust cash generation, yielding a free cash flow of EUR 394 million, supported by Nokia's ongoing normalization of its working capital position.

The bustling city of Tashkent, Uzbekistan, recently played host to a gathering of young minds united by a shared passion for technology and a vision for a brighter future. These 150 students, representing 14 countries across the Middle East and Central Asia, weren't just attending a conference; they were participating in Huawei's Seeds for the Future program, a flagship initiative aimed at nurturing the next generation of information and communication technology (ICT) leaders and tackling the growing digital skills gap.

Nokia announced a new partnership with Telecom Egypt to bring 5G technology to Egypt for the first time. The collaboration aims to revolutionize the country's telecom landscape by introducing the transformative power of 5G to cities including Alexandria, Aswan, Cairo, Giza, and Luxor.

During the Huawei Seeds for the Future 2024 Regional Final, leaders, government officials, private sector experts, and media representatives from the ICT niche came together for an insightful panel discussion on the future of ICT talent and the pivotal role it will play in shaping the future of digital economies.

In Q2, Börje Ekholm, President and CEO, Ericcson, said, “We remained focused on matters in our control to optimize our business amid a challenging market environment, with industry investment levels unsustainably low.”

BNET, the national provider of fiber optic infrastructure in the Kingdom of Bahrain, announced the signing of a Memorandum of Understanding (MoU) with Huawei Bahrain, the leading global provider of information and communications technology.

Huawei has been named a leader in GlobalData’s H1 2024 5G market report, “5G RAN: Competitive Landscape Assessment.” This is the sixth consecutive year that Huawei has received this recognition since GlobalData began releasing this report in 2019, highlighting Huawei as a market leader in 5G RAN products and solutions.

Nokia has announced the launch of Broadband Easy Connect, a new subscription-based service that helps operators streamline, simplify and accelerate the process of connecting homes to fiber. The service allows operators to fully control and manage the home fiber connection process from the initial end-user request to the final service activation.

Effective as of August, 1, 2024, Patrick Johansson will become a member of Ericsson's Executive Team (reporting to the CEO) as its new Head of Market Area Middle East & Africa (MMEA) and Senior Vice President. He will be based in Riyadh, Saudi Arabia.