February 19th, 2020 — Miscellaneous
Zain Kuwait has completed the sale and leaseback of the passive physical infrastructure of its 1,620 mobile tower portfolio for US$130 million (KD 40 million) to IHS Holding Limited (IHS). The transaction is the first sale and leaseback of telecom towers in the Middle East region by a licensed mobile operator.
January 29th, 2020 — Miscellaneous
Vodafone Group has agreed a deal to sell its 55 per cent stake in Vodafone Egypt to Saudi operator STC for US$2.4 billion, as part of plans to reduce debt and refocus on core markets.
January 8th, 2020 — Miscellaneous
The cyber hacking saga at Travelex continues as media reports now suggest the international foreign currency dealer has fallen prey to a ransomware attack with a group called Sodinokibi claiming responsibility for the incident and demanding a US$6 million payment to restore systems.
January 3rd, 2020 — Miscellaneous
Travelex, the international foreign currency seller suffered a software virus attack on New Year’s Eve and has been forced to take down its website as a result of the incident. The company has resorted to carrying out transactions manually, providing foreign exchange services over the counter in its branches.
December 20th, 2019 — Miscellaneous
Phuthuma Nhleko, the MTN Group CEO who led the company on an acquisition trail that turned it into an emerging markets powerhouse, has stepped down from its board of directors. Nhleko, who has served as MTN’s chairman since 2015 after relinquishing the CEO role in 2011, resigned this week as non-executive chairman.
Following Zain Group’s regional milestone announcement in November 2019 that its operations in Kuwait and Saudi Arabia had successfully launched the first 5G roaming service across the MENA region, Bahrain telco Batelco has announced partnering with the UAE’s du to deliver 5G international roaming services in the UAE.
South Africa’s Vodacom Group has unveiled plans to launch 5G in its home market in 2020 despite issues acquiring spectrum from the country’s regulator.
Saudi Arabia’s Communications and Information Technology Commission (CITC) has tendered two new mobile virtual network operator (MVNO) licenses, which “will likely boost investment opportunities in the telecom industry, support entrepreneurship and enhance the content industry as well as service diversification,” CITC Governor, Mohammed Altamimi is quoted as saying.
Orange has officially inaugurated its new Middle East and Africa (MEA) operational head office in Casablanca, Morocco from where it will direct activities across its 18 countries of presence in the region. The operator counted a total of 125 million customers in the MEA as of October 30, 2019.
The Dubai Financial Services Authority (DFSA) has announced plans to launch a cyber threat intelligence platform to help firms in the Dubai International Financial Centre (DIFC) implement appropriate safeguards to mitigate cyber risks. The platform is the result of cooperation and collaboration with the Dubai Electronic Security Centre (DESC), the National Computer Emergency Response Team […]
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