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Tumbling profits

The reporting of second quarter financials at the end of July offered a poignant and timely insight into the state of the telco industry in the Middle East. Etisalat, Ooredoo, and Zain reported a 40 per cent, 39 per cent, and 38 per cent slump respectively in their second quarter 2015 net profits to end June, prompting Comm. to review the reasons for these drastic declines in profitability and check whether they reflect wider factors currently dogging the regional sector

A number of operators in the Middle East reported declining profitability for the second quarter of 2015

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Game changer

Having announced that he would depart the merged company once the acquisition of Alcatel-Lucent by Nokia is completed, in the interim period CEO Michel Combes continues to exhibit the energy and pragmatic positivity that has seen the under-pressure Alcatel-Lucent claw back business and revenues in the just over two years he has headed the company. On a recent whistle-stop tour to the Middle East, Combes reiterated his belief that the tie-up with Nokia was the right combination at the right time, set to create a “new technology champion”Pic 1

Michel Combes believes the coming together of Alcatel-Lucent and Nokia offers a unique opportunity to create a vendor that will have the strength to commercialise new technological opportunities

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Decisive dozen

This, the fifth instalment of Comm.’s Decisive dozen list of operator CEOs in the Middle East and Africa, has altered remarkably compared to last year’s, and previous years in fact. Aside from the typical attrition that occurs in senior postings, dramatic events in the 12 months of 2014 also led to personalities slipping down the list, or falling off altogether, as the pressure to continue producing positive results in a challenging environment persisted

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New leader, new brand, new zest

Greg Young was appointed CEO of Ooredoo Oman (then Nawras) in October 2013, replacing founding CEO, Ross Cormack. In recent times the operator has stalled operationally as well as financially having reported shrinking revenues and net profit, wreaking havoc with its share price. Since taking the reins Young has stabilised the telco’s performance and believes he can breathe new life into the operator and watch it fulfil its potentialGreg Young

Prior to his appointment as CEO of Ooredoo Oman in October 2013, Greg Young acknowledges there was a period of under-investment at the company that may have given rise to some under-performance

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Competing to be data king

Coming up to two years since his appointment as Vodafone Qatar CEO in June 2013, Kyle Whitehill has been able to infuse the Qatar cellco with the type of energy associated with Vodafone Group companies worldwide. Investing heavily in people and technology, Vodafone Qatar is carving out a successful niche for itself in this small Gulf market, which stands out as Vodafone’s only direct investment in the Middle EastKyle Whitehill, CEO, Vodafone Qatar (1)

Kyle Whitehill has been CEO of Vodafone Qatar since June 2013, a period in which the company’s share price has almost doubled

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News

Ooredoo loses senior executive to Millicom

Millicom has appointed Cynthia Gordon, a senior executive with Ooredoo, to head its Africa business. Gordon, who joins on September 21, will be Millicom’s executive vice president, CEO Africa Division, with responsibility for operations in six countries. She will report to Mauricio Ramos, Millicom’s recently appointed CEO whose background is in the Latin American cable […]

Nokia wins small cell deal with Ooredoo Qatar

Nokia Networks has won a deal with Ooredoo Qatar to deploy its small cells in hotspots across the country. The agreement follows a trial using Nokia Networks’ LTE and 3G small cell solution in high-traffic indoor and outdoor locations in Doha. Nokia Flexi Zone small cells were installed in strategic locations such as café and […]

Sudatel reports 11% fall in net income in H115

Sudatel announced its consolidated financial results for the first half of 2015, reporting that for the first six months of 2015 the telco generated consolidated revenues of US$220 million, flat year-on-year (Y-o-Y) in local currencies (down six per cent Y-o-Y in US$). The group’s consolidated EBITDA for the period amounted to US$75 million, an increase […]

Strong local appetite for fourth mobile licence in Myanmar

Seventeen local firms in Myanmar are reported to have applied to be part of a consortium that will operate the country’s fourth mobile phone network. A Reuters report quoted Chit Wai, a deputy permanent secretary at the Ministry of Communication and Information Technology, as saying “the next step after selecting local partners will be appointing […]

ZTE reports positive H115 performance

ZTE announced results that showed solid growth for its infrastructure business, including mobile network sales, although its handset unit was hit by weakness in China. On a group level, the company reported a net profit attributable to shareholders of CNY1.62 billion (US$252.18 million) for the first half of 2015, up 43.20 per cent, on revenue […]

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