The Saudi Mobile Telecommunication Co. (Zain KSA) recorded a net profit of SR260 million ($70 million) for the year 2020, a 46 percent decrease in earnings as compared to a previous net profit of SR485 million, the company stated on the Saudi stock exchange (Tadawul).
South African multinational mobile telecommunications company, MTN has pledged its commitment to achieve net zero emissions by 2040 as the impacts of climate change become increasingly visible around the world.
Etihad Etisalat (Mobily) achieved a net profit of SAR 783 million for the year ended 31 December 2020, compared to a net profit of SAR 31 million in 2019.
Etisalat Group announced its preliminary financial results for the year 2020, recording a 4% year-on-year growth in profits to reach 9 billion dirhams ($ 2.45 billion), benefiting from reduced operating expenses after the fourth quarter of 2019 saw allocations of 1.2 billion dirhams due to a decrease in value of the subsidiary company in Pakistan. These results are among the highest annual profits recorded by the group since 2016.
Zain KSA has announced sealing an exclusive agreement with The Red Sea Development Company (TRSDC), offering telecommunications and internet services on the Red Sea’s sites during construction phase. Under this agreement, Zain KSA will ensure the coverage of these sites via its telecommunications and data network over a period of five years. With that, The Red Sea Project becomes the first construction zone to have 5G coverage in the Middle East.
Leading telecommunications provider in the kingdom, Zain Bahrain has reported net profit of BD 1.698 million for Q4-2020, up an impressive 17 per cent from BD1.454m for the same period in 2019.
The Communications and Information Technology Commission (CITC) has announced that Saudi Telecom Company (STC) has the highest mobile download speed in the Kingdom, with a 5G network that reaches a speed of 342.35 Mbps. This was revealed in the 2020 Q4 Meqyas report on the average download speeds for 5G networks.
Technology elevates travel with connectivity enabling a seamless and immersive digital experience in the new norm facilitating virtual travel to bridge the gap between both physical and digital worlds, said Eng. Hatem Dowidar, CEO, Etisalat Group.
UAE's leading telecom services operator Etisalat has announced the launch of its Smiles’ food order and delivery service in the UAE as part of its continuous efforts to constantly innovate and enhance customer experience.