Sunday 1 February 2015

Zain Kuwait Q4 net profit drops 35pc

Zain Group, Kuwait's No 1 telecom operator by subscribers, reported a 35 per cent drop in fourth-quarter profit on Sunday, short of two analyst forecasts. The former monopoly, which operates in eight countries in the Middle East and Africa, made a net profit of KD33 million&n


GTH to sell majority stake in Algeria telco for $2.6bn

Egypt's Global Telecom (GTH), formerly known as Orascom Telecom, will sell a 51 per cent stake in Djezzy for $2.6 billion while keeping operational control of the Algerian mobile operator, Global said in a statement on Sunday. The sale to the Algerian National Investment Fund


HTC launches new Desire series of smartphones

HTC, a global leader in mobile innovation and design, has debuted its latest Desire line-up, its roster of mid-range smartphones specially built to cater to all customer segments. The new range of Desire phones, dubbed advanced yet affordable, include the Desire 820, the Desire 8


Viva Bahrain reports widest 4G network coverage

Viva Bahrain reported the widest 4G network coverage and ranked top on Quality of Service, according to official independent reports issued by the Telecommunications Regulatory Authority (TRA) at the end of last year. Based on the findings, Viva's 4G network has the widest co


Menatelecom, Huawei ink management deal

Menatelecom has signed a partnership agreement with Huawei, under which Huawei will manage the end-to-end operations of Menatelecom's networks, and will ensure the support of high levels of network performance to provide Menatelecom's customers with superior experience. T


Zain Bahrain posts $10.9m net profit in 2014

Zain Bahrain generated revenues of BD71.8 million ($190.5 million) in 2014, a decrease of 8.1 per cent on the previous year's BD78.1 million ($207.1 million), a report said. EBITDA for the period reached BD27 million and BD29.3 million with percentage change of 7.8 per cent,


Batelco to launch new voice minutes package

Batelco, the leading telecommunications solutions provider in Bahrain, is adding another first to its list of achievements with the introduction of bolt-on packages for voice minutes to all local networks for its fixed line customers. The new fixed line bolt-on deals include four


BT launches key drive to upgrade fibre network

The revival of the once staid British telecom monopoly BT picked up pace yesterday when it launched a drive to upgrade its fibre network ahead of a key soccer rights auction and a deal to buy mobile operator EE. Getting its finances in order ahead of the two pivotal events, BT al


Batelco announces grand prize winner of SMS Challenge

Batelco, Bahrain’s leading telecommunications service provider, has announced the grand prize winner of its second SMS Challenge of 2014, which also delivered daily cash prizes. The challenge which began on October 13, 2014, ran for 88 days until January 8, 2015.  


Ooredoo Oman Q4 profit falls 17pc to $21m

Ooredoo Oman, a leading telecoms operator, reported a net profit of RO8.3 million ($21.6 million) in the fourth quarter of 2014, down from RO10 million ($25.8 million) in the year-earlier period, marking a 17 per cent fall in fourth-quarter profit on Thursday. Total revenues for

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