Dubai-based telco du announced Tuesday that is has raised a long-term debt finance of almost one billion dollars from a consortium of banks, as it looks to heavily grow and expand within the 5G market. According to operator, the debt will be split a $539 million five-year revolving credit facility and a $484 million seven-year […]
Search results for "etisalat"
Ethiopia’s Finance Ministry announced on Monday that two bids have been made for two new telecoms operating licenses, as the country looks to liberalize its telecoms industry and economy. The two license bidders include South Africa’s MTN Group and a consortium of Kenya’s Safaricom, Vodafone, Vodacom, CDC Group (a UK development finance institution) and Japanese […]
Saudi Arabian telecom providers Mobile Telecommunications Company Saudi Arabia (Zain KSA) and Etihad Etisalat Company (Mobily) jointly announced on Thursday plans to merge their telecom towers under a registered entity called Towers Company based in the Kingdom. According to a statement by both telcos, the duo has received in-principal approval from the board of Communications […]
The World Bank confirmed last week that its planning to invest $200 million into Ethiopia’s digital economy as the country takes its first steps to liberate its telecoms market but warned of special treatment being given to state-owned Ethio Telecom. In a blog post, Ousmane Dione, the Bank’s country director for Eritrea, Ethiopia, South Sudan, […]
The Ethiopian Communications Authority (ECA) announced on Tuesday that is has delayed the issuing of two new nationwide operating licenses. ECA made the announcement via Twitter confirming that the decision was taken to delay the process following requests received from would-be bidders during the question-and-answer period of the request for proposals (RFP) process for the […]
Saudi Arabia’s Communications and Information Technology Commission (CITC) fined late last week, a number of local telecoms providers for violating several telecommunications laws in the Kingdom. CITC imposed fines reaching more than SR40 million ($10.67 million) for making promotional offers in violation of CITC’s decisions, using frequencies without licenses, failing to comply with the CITC’s […]
Telcos were always looking to adapt new services and technologies to offer educational platforms to their audience, but before the virus outbreak, none of them succeeded. When the pandemic hit, focus on the education sector increased significantly and online tools became the most important way to ensure the continuity of education. In addition, education ministries […]
Discussions to end Ethio telecom’s monopoly have been taking place since 2018 but unfortunately, Ethiopia has missed several deadlines to sell a stake in the state-owned company – Ethio Telecom – due to adverse circumstances namely the Covid-19 pandemic. However, it seems that plans to liberalize the telecoms market will continue. Ethiopia, the second most […]
5G has become an important priority in the wake of digital transformation especially in countries with a strong mobile market. The UAE’s vision – synonymous with innovation and ingenuity – has recognized the importance of 5G technology to support connected devices, drive industry development and enable efficient smart city capabilities. Telecommunications Regulatory Authority (TRA) in […]
Deals or partnerships between telecom operators are prone to change depending on varying socio-economic factors. Some multinational companies collaborate with local operators to help boost the domestic telecoms sector. However, there are times when global connectivity demands may prompt a shift in the strategic direction of foreign investors. In Afghanistan, telecom companies include Afghan Telecom, […]