Telecom Sector

Etisalat UAE’s Telecom Giant Open Shares for Foreigner Individuals and Institutional Investors

On Saturday, in a statement Etisalat, the telecom company in UAE said that from September 15, even foreign nationals and institutional investors will be able to buy its shares. Earlier, only the residents of the emirates were permitted to buy shares of the company. Sixty percent of the telecom giant is owned by the UAE government.

Etisalat ranks as the second largest Arab telecoms firm only after Saudi Telecom. It serves one hundred and forty five million customers spread in fifteen countries.

Liquid Telecom and MTN Group Partnership will Provide Customers Larger and Better Access to Services

MTN Group and Liquid Telecom announced that the two companies are going in for a partnership and will jointly offer a larger and better access to the customers across the African continent.

The partnership covers high speed broadband, wholesale, carrier-to-carrier, enterprise and fixed data services and also allows MTN and Liquid Telecom to access one another's networks in different countries of Africa. This will be beneficial for both as there may be locations where one of the companies might not have presence right now.

MTN Reports Ten Percent Drag in Profits

MTN Reports Ten Percent Drag in Profits Yesterday, Africa's largest mobile phone company MTN reported its half yearly earnings and the company said that its profits for the period has slid 10.3%. The main reason for the drop in profit was cited as the disruption in handset supply in the South African market due to a prolonged seven week strike.

MTN Group of South Africa Reported a Drop in Its First Half Profit Owing to Strike

MTN Group of South Africa Reported a Drop in Its First Half Profit Owing to StrikeOn Wednesday, MTN Group, the largest mobile phone company of Africa reported a drop in its first half yearly profits. The company's profit dropped 10.3 percent. The slack results also can be partly connected to low handset supply in the South African market owing to the seven week strike by its workers

Vodacom CFO to Leave on Friday, Till Streichert will Replace Him

Vodacom CFO to Leave on Friday, Till Streichert will Replace HimIn an announcement, Vodacom said that it is appointing new Chief Financial Officer as the company's current CFO Ivan Dittrich, resigned in order to pursue personal business interests. He will leave his office on Friday and Till Streichert, will take over the position. He was the finance executive of the company's South African operations according to the group.

MTN CEO Ready to Take the Telecom Company Forward

MTN CEO Ready to Take the Telecom Company ForwardMTN SA, the South Africa telecom company's new CEO Mteto Nyati said, his priorities now include increasing the revenue and improving the customer services as the multinational mobile telecommunications company recovers from a severe strike.

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