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

Batelco provides nationwide 5G coverage in Bahrain

Batelco has successfully activated 5G coverage across Bahrain, which is available in all four governorates, covering 95% of the nation’s population. The telco’s launch of the network makes Batelco the first operator to provide national 5G coverage in Bahrain.

Omantel extends managed services deal with Ericsson

Omantel has renewed and expanded its managed services agreement with Ericsson for a further five years, with the renewed agreement being more outcome-based and customer-centric.

MTN Group CEO opts to depart after expiry of fixed contract

South Africa-headquartered MTN Group CEO Rob Shuter will step down from his role at the end of his fixed four-year contract in March 2021, having given no explanation why he would not seek to stay on beyond that date.

Nokia CEO, Rajeev Suri to step down as vendor considers its options

Nokia CEO and president, Rajeev Suri, is set to step down from his position later this year, to be replaced by Pekka Lundmark, currently CEO and president of energy company Fortum. The move comes as Nokia struggles to keep pace with the global shift to 5G.

Batelco introduces 5G roaming with du in the UAE

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.

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