Etisalat partners for IoT platform

Middle East operator group Etisalat said it will launch “the region’s first Internet of Things application development and device management platform”. It is working with Oberthur Technologies and ThingWorx to build and manage the platform, which will “enable customers to …

The post Etisalat partners for IoT platform appeared first on Mobile World Live.

Mobily to reissue results; Etisalat earnings impacted

Etisalat’s Saudi Arabian affiliate Mobily will reissue its 2014 annual financial statements, increasing the loss for the year by approximately SAR 830 million ($220 million), following an investigation of accounting errors by the kingdom’s Capital Market Authority (CMA), the company …

The post Mobily to reissue results; Etisalat earnings impacted appeared first on Mobile World Live.

Etisalat to open up for foreign investment

The United Arab Emirates plans to lift a ban on foreigners owning shares in Etisalat, without saying when the change will happen. “The federal government has decided to lift the restriction on Etisalat stock ownership by local institutions, foreign institutions, …

The post Etisalat to open up for foreign investment appeared first on Mobile World Live.

Millicom to buy Zanzibar player from Etisalat

Emerging markets operator Millicom is to buy an 85 per cent stake in Zanzibar Telecom (Zantel) from Etisalat, describing it as “a natural fit for Millicom’s strategy”. Zantel is being bought for $1, with Millicom assuming debt obligations of $74 million. …

The post Millicom to buy Zanzibar player from Etisalat appeared first on Mobile World Live.

Vodacom CEO admits to tough year, happier about medium term

Shameel Joosub, Vodacom CEO, said that the company “pulled through a transformative period” in its financial year to end-March 2015, but was more upbeat about the medium term. While total revenue at the company – one of Africa’s leading operators – rose by 2.1 …

The post Vodacom CEO admits to tough year, happier about medium term appeared first on Mobile World Live.

Etisalat sees strong start to 2015

UAE-based operator group Etisalat announced strong results for the first quarter of 2015, which it claimed in a statement “allows us to move forward in confidence as the leading operator in emerging markets, delivering advancements in each of the countries we …

The post Etisalat sees strong start to 2015 appeared first on Mobile World Live.

New business models needed to justify 5G capex

Mobile operators’ business models need to evolve to address the changing capex environment, which has become more challenging over the last decade, said Hatem Bamatraf, Etisalat group CTO, at Mobile World Congress this week. The key question, he said, is “how are …

The post New business models needed to justify 5G capex appeared first on Mobile World Live.

Etisalat continues to bask in positive effect from Maroc Telecom

UAE-based operator group Etisalat reported a near 50 per cent increase in net profit in Q4, thanks in part to the contribution of Maroc Telecom. In the three months to end December, the group said its net profit grew by …

The post Etisalat continues to bask in positive effect from Maroc Telecom appeared first on Mobile World Live.

Mobily shares suspended after revision of 2014 financials

Saudi Arabia’s financial regulator, Capital Market Authority, suspended the trading of operator Mobily’s shares on the country’s stock exchange, following a revision of the company’s 2014 financial results According to Mobily’s audited results, it posted a SAR 913 million ($243 …

The post Mobily shares suspended after revision of 2014 financials appeared first on Mobile World Live.