AME Info News - Telecoms and IT

Mobily to buy 96% of Zajil

Sun, 06 Jul 2008 09:30:00 +0400

Saudi Arabia's Etihad Etisalat (Mobily) said it will buy a local internet and data communication provider for $21.3m to generate more revenues from corporate clients, Reuters has reported. Mobily has won approval to buy 96% of Zajil International Telecommunications Co's capital. Earlier, it has agreed to buy local data provider Bayanat Al Oula for $400m. [AMEInfo.com]

Etisalat eyes to deploy IPTV

Sat, 05 Jul 2008 08:48:00 +0400

Etisalat is planning to offer new services to its customers, in a tie up with France Telecom. Etisalat is looking to deploy in the UAE, the home networking solutions and multiple-play services (home gateway) and 'Orange TV' (IPTV offer via set-up-box) rolled out by France Telecom in Europe, in its aim to offer FTTH (Fibre To The Home) in the UAE. [AMEInfo.com]

Zain gets nod for $4.53bn capital hike

Thu, 03 Jul 2008 12:37:00 +0400

Kuwait-based telecom company Zain has announced that it has won government approval for a $4.53bn capital hike to finance foreign expansion, reported the Bahrain Tribune. Zain shareholders approved a 75% capital increase in March, to sell 1.42 billion shares at 850 fils each for a total of 1.2 billion dinars, to fund its expansion plans. [AMEInfo.com]

UAE telecom market to rise 63%

Thu, 03 Jul 2008 10:48:00 +0400

The UAE telecom market is projected to grow 63% to Dhs35.27bn ($9.6bn) in four years boosted by a rising mobile phone penetration rate that will hit a regional high of 188%, according to a report by market analyst Al Mal Capital. UAE's population growth, projected at a five- year compounded annual growth rate (CAGR) of 4.8%, will be the key driver for the sector, resulting in a combined CAGR of 8.6%, reported Khaleej Times.
[AMEInfo.com]

Cellucom plans 500 stores in India

Thu, 03 Jul 2008 07:36:00 +0400

Dubai-based mobile handset retailer Cellucom is investing Dhs500m ($136m) to launch 500 stores across India by the end of 2009, reported Gulf News. Cellucom currently has 90 stores across the GCC. It already has 200 stores across India. [AMEInfo.com]