|
News trends in Arabia
for the month of
February:
Aerospace |
Automobiles |
Banking |
Real Estate |
Telecommunications |
Travel and Leisure
The telecommunications
industry in the Arabic
world is fast going the
real estate way. The
most modern and
luxurious gadgets, and
services are in the
offing. And, more
telecom licenses are up
for grabs.
The talk of the telecom
industry was the third
mobile phone license in
Saudi Arabia.
The Mobile
Telecommunications Co.
of Kuwait, Oger Telecom
of the UAE, Orascom
Telecom from Egypt and
MTN from South Africa
are among the bidders
for the same.
Meanwhile in Jordan,
Umniah Mobile
Communications won the
fixed broadband wireless
access license awarded
by the country’s
Telecommunication
Regulatory Commission.
The UAE witnessed the DU
Telecom going live,
ending a 34-year
monopoly over the sector
by incumbent operator
Etisalat. But, on the
other hand Etisalat -
Emirates
Telecommunications after
winning Egypt's third
mobile licence in 2006
plans to borrow USD1.75b
for its Egyptian
operations. And, the
company is pondering
whether to bid for a
majority stake in
Kuwait's National Mobile
Telecommunications.
Some companies came out
with their financial
results and the picture
seemed as good as it has
been for the other
industries. Mobile
Telecommunications Co.
(Kuwait) announced a
67.9% rise in net
profits, Qatar Telecom’s
net profits touched QR
1.7bn and Wataniya
Telecom of Kuwait
disclosed a 39% rise.
Celebrating its 25th
anniversary the Bahrain
Telecommunications
Company signed a MOU for
the development of
Satellite Services in
the Middle East and
North African regions
with SpeedCast and
launched a GPRS roaming
service with T.Mobile in
Austria. The company
also denied rumors that
it plans to reduce its
manpower by sacking 400
employees.
UAE based Thuraya
Satellite
Telecommunications
strengthened its
presence in the key
African market of Sudan
by forming a partnership
with the new telecom
operator Canar.
Summarily, the telecom
industry progressed at a
steady frequency with
not much upheavals.
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