Zain Group, accomplished growth in its first three quarters, reaching a 5 percent rise to $450 million, according to the operator’s earnings report. The company highlighted that the noted augmentation in its consolidated net income was essentially derived from the company’s remarkable revenue performance of most of its operations, excluding Zain Iraq, which endured a […]
Telecom
Thousands of Britain’s iconic red phone boxes will be protected from removal under new rules, the U.K.’s telecommunications regulator said Tuesday. The public payphone boxes may look like obsolete relics in an age of ubiquitous smartphones, but regulator Ofcom said they can still be a “lifeline” for people in need. The regulator is proposing rules […]
UAE-based telco, Etisalat, revealed its 2021, third quarter (Q3) financial report, unveiling a 2 percent rise in a fiscal year ending on September 30, reaching $3.62 billion. The group’s consolidated net profit rose to $653.38 million, imprinting a 1 percent increase in a fiscal year, with consolidated revenues reaching $3.62 billion, a 2 percent augmentation […]
Wireless and fixed-network equipment maker Nokia on Thursday reported third-quarter profit above analyst expectations on increasing sales of 5G technology and trimmed costs, but the company warned that the global shortage of semiconductors made the market outlook foggy and could hamper growth. The Espoo, Finland-based company reported net profit of 463 million euros ($537 million) […]
Chinese tech giant Huawei’s sales fell 32% from a year earlier in the first nine months of 2021 under U.S. sanctions and following the sale of its Honor smartphone brand, according to figures released Friday. Huawei Technologies Ltd.’s smartphone and other consumer-oriented businesses have been “significantly impacted” but sales to phone carriers and other commercial […]
Qatari telco, Ooredoo Group, released on Wednesday its 2021 third quarter (Q3) revenue report, marking a 3 percent increase in a fiscal year. The Qatari multinational telecom firm reported a rising revenue margin touching an estimate of $6 billion for the nine months ending in September, an augmentation referenced to increasing growth in the country’s […]
A major U.S. data-storage equipment provider violated U.S. export rules by continuing to sell hard-disk drives to Huawei Technologies Co. after the Commerce Department tightened export restrictions last year, a report by a group of Senate Republicans claimed. The report released by the Republican minority staff of the Senate Committee on Commerce, Science, and Transportation […]
AT&T announced on Tuesday the initiation of its plan to deploy the fifth generation of network with C-band spectrum, a factor that will reinforce the carrier’s total 5G coverage. Currently, the operator is offering two categorizations of the fifth generation: 5G Plus over high-band mmWave spectrum and regular 5G – which resembles 4G LTE. “AT&T […]
U.S. regulators are expelling a unit of China Telecom Ltd., one of the country’s three major state-owned carriers, from the American market as a national security threat amid rising tension with Beijing. China Telecom (Americas) Corp. is required to stop providing domestic interstate and international service in the United States within 60 days, under an […]
Arabian Internet and Communications Services Co., also known as Solutions by STC, signed Sunday numerous contracts with the Saudi Telecom Company to advance the creation of a modernized data center for smart city, NEOM. With a valuation estimated at around $53.7 million, the contracts will set the initial groundwork to establish the needed infrastructure for […]