Telecom Egypt has announced a second-quarter profit rise of 23 per cent, beating estimates from analysts. Net income reached US$170.7mn from US$138mn a year before, the Cairo-based company said in a recent statement distributed by the Regulatory News Service.
UAE telecom operator, Etisalat, is close to buying a 26 per cent stake in the second most successful Indian telecoms firm Reliance Communications.
Swiss structured cabling specialist, Reichle & De-Massari (R&M), has predicted increased deployment of Fibre to the Home (FTTH) networks in the Middle East. The compant believes this will be fuelled by the region?s growing trend towards intelligent cities and requirements for faster bandwidth speeds and transmission technology to enable triple play (voice, video, and data) services.
Jordans Telecommunications Regulatory Commission (TRC) has announced that it did not receive any applications for 2.5 GHZ band licences by the 27th June deadline. The TRC encouraged the countrys mobile operators to submit applications for the licence, which allows for providing LTE services, in May. Director of the TRC radio spectrum management department Mohammad Alwathiq Shaqrah told the Jordan Times that the TRCs council of commissioners are set to look into the issue.
Abu Dhabis Etisalat has confirmed it is looking to buy a stake in an Indian mobile operator following reports that it is in talks with Indias second-biggest mobile operator, Reliance Communications, over a US$3.8 billion deal. The stake would give Etisalat a vital presence in the worlds fastest-growing mobile market, where it currently owns a stake in a start-up telecoms firm.
