Telecommunication Services - News
STC picks banks for debut sukuk issue
(Arab News - 24/04/2014)
DUBAI: Saudi Telecom Co (STC), the Gulf's biggest telecommunications operator by market value, has picked three banks to manage its debut Islamic bond offer, banking sources aware of the transaction told Reuters on Wednesday. It has chosen JP Morgan ...
Ooredoo & Rocket Internet Partner to Develop Online Businesses in Asia
(Press Release - 23/04/2014)
Ooredoo Q.S.C. today announced a partnership with the internet incubator Rocket Internet, to jointly develop eCommerce and other digital services in Asia. Ooredoo and Rocket Internet will become equal partners in Asia Internet Holding, a joint venture ...
Saudi Telecom picks banks for debut sukuk issue - sources
(Reuters - 23/04/2014)
Saudi Telecom Co (STC) , the Gulf's biggest telecommunications operator by market value, has picked three banks to manage its debut Islamic bond offer, banking sources aware of the transaction told Reuters on Wednesday. It has chosen JP Morgan Chase, ...
Omantel targets youth with special package
(Times of Oman - 23/04/2014)
In line with the company's continuous efforts to enhance the communication needs of its valued customers, Omantel has launched 'Ozone' plan, especially designed for the youth. This innovative service offers Hayyak youth customers a variety of services ...
Batelco to Host the Second Annual Made in Bahrain Event
(Press Release - 22/04/2014)
Batelco’s Youth Marketing Team will be hosting the annual Made in Bahrain Event at Al Aali Mall Shopping Complex - Boulevard (Walking Area Outdoors) from Thursday 24 April to Saturday 26 April, to support talented youth. The event, which is being hosted ...
STC posts 54% net income growth
(Arab News - 22/04/2014)
Saudi Telecom Co. (STC) has reported a 54 percent net income growth for the first quarter for 2014. It would distribute dividends of SR0.75 per share for the first quarter, according to a statement. Operating profit increased 20 percent during the first ...
Mobily Q1 revenues rise 12% to SR6.24bn
(ArabNews - 22/04/2014)
Mobily (Etihad Etisalat) said its revenues of first quarter of 2014 rose 12 percent to SR6.237 billion, from SR5.593 billion for the same period of last year. Mobily said that the revenue increase of SR7.204 billion is a decrease of compared to the ...
Zain’s profit rises 8% on gains in Iraq, at home
(The Gulf Today - 22/04/2014)
Zain, Kuwait’s top telecoms operator by subscribers, reported an 8 per cent rise in first quarter profit on Monday, beating analysts’ estimates as earnings from Iraq and its domestic business rose and Sudan’s currency stabilised. The former monopoly, ...
Zain joins Tatweer in education drive
(Saudi Gazette - 22/04/2014)
Zain KSA has signed a strategic agreement with Tatweer Company for Educational Services to spread the learning values in society. Under the agreement, Zain is required to support the "Ataalam" or I am learning campaign using its technology services and ...
Omantel IPO subscription seen at OMR100m
(Times of Oman - 22/04/2014)
The public offer Omantel, which was the second part of government's disinvestment programme, has been subscribed roughly around 105 per cent or around OMR100 million. The investors of the public offer are likely to get an allotment close to 98 per cent ...
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