Kuwait’s Zain Seeks New Loan As $867m Facility Nears Maturity

The $867 million revolving facility is due to mature in March.

Saudi Telecom Profit Lifted By Accounting Change

Saudi Telecom reported a net profit of 3.62 billion riyals in the three months to December 31.

Etisalat Hires Standard Bank For Nigeria Tower Sale

Etisalat Nigeria could raise $400 million by selling its transmitter towers.

Saudi’s Mobily Q4 Profit Rises 8.6%, Beats Forecasts

The company said more income from data and business clients were the reason for the quarterly and annual profit increases.

10% Of UAE’s Mobile Users Switched Operators Since MNP – Survey

The UAE recently introduced mobile number portability (MNP), which allows users to switch operators while retaining their number.

Zain Invested $1bn In Network Upgrades In 2013 – CEO

The telecom operator plans to focus on ICT and enterprise solutions in the future, says CEO Scott Gegenheimer.

GCC Roundup 2013: Telecoms And IT

The region was focused on finding alternate terrestrial cable routes in 2013, writes Paul Brodsky, senior analyst at TeleGeography.

Egypt Telecom Regulator To Issue Unified Telecoms License

The move would allow landline monopoly Telecom Egypt to offer mobile services.

Etisalat Targets SME Customers

Etisalat has been investing in various mobile packages to tap into the country’s lucrative SME customer base.

UAE Telecom Regulator Warns Etisalat, Du Against False Marketing

The TRA has cautioned the operators to avoid using misleading marketing campaigns ahead of the launch of the mobile number portability service.

UAE Telcos Launch Mobile Number Portability

The mobile number portability service will come into effect on December 30.

Bahraini Batelco’s Foreign Ambitions Crimped

The Bahraini operator bought Cable & Wireless Communications’ (CWC) Islands division for $570 million in April.

Etisalat Asks Banks To Wait For Loan Fees

The telecoms firm agreed an $8 billion loan in April to finance its acquisition of a 53 per cent stake in Maroc Telecom.

UAE Telcos Drop BlackBerry’s BBM Channels

Both du and Etisalat have said they will no longer offer the new social media service.

Etisalat May Revive Talks To Sell Sudanese Unit To Zain

Prior negotiations between the two telcos collapsed around the start of 2013, according to sources.

Zain Wants To Keep Majority Control Of Bahrain Arm After IPO

Zain Bahrain must float 15 per cent of its shares and list on Bahrain’s bourse by year-end.

Kuwait’s Wataniya Names Ex-Batelco Chief As COO

Peter Kaliaropoulos’ appointment follows that of Abdulaziz Fakhroo as the telco’s CEO in March.

Qatar’s Ooredoo Launches $1.25bn, 5-Year Sukuk

The company plans to use net proceeds from the sale for general corporate purposes including re-financing existing indebtedness.

Etisalat Fined For Blocking Du’s Promo Texts

The case comes ahead of the launch of mobile number portability next month.

Etisalat Stalls $800m Pakistan Payment Over Property Dispute

An Etisalat consortium bought a 26 per cent stake in PTCL for $2.6 billion in 2005.

Preventing The Middle East’s Next Web Outage

Experts are working around the clock to prevent another cable cut disaster.

Broadband Revenue Boosts Omantel’s Q3 Profit

Omantel reported a net profit of 29.1 million rials in the three months to September 30, up from 28 million rials in the year-earlier period.

Kuwait Telco Zain Extends Profit Slump

The operator made a net profit of 53 million dinars in Q3 compared with a net profit of 59.7 million in the year-earlier period.

Etisalat In $400m Loan Tussle With Stan Chart, Citigroup

Standard Chartered has around $300 million exposure on the loan, while Citi has the rest.

Etisalat Buys 53% Stake In Maroc Tel For $5.67bn

Etisalat will pay Vivendi 3.9 billion euros for the stake, plus a further 300 million euros in 2012 dividends from Maroc Telecom

Etisalat Launches iPhone 5S In UAE November 3

Etisalat is running a trade-in option, allowing its customers to exchange their old iPhone 5 or 4S devices for discounted rates on the new range.

Du CEO: Telecom Network Sharing Deal At Impasse

Osman Sultan voiced frustration at the impasse more than four years after talks between the companies began.

Ooredoo’s Third-Quarter Profit Plunges 58%

Analysts polled by Reuters had expected only a 12 per cent drop in Ooredoo’s third-quarter profit.

Du Reports Q3 Profit Rise Of 45%

Du made a net profit of Dhs474.3 million in the three months to September 30, up from Dhs326.9 million in the year-earlier period.

Saudi Telecom Posts 73% Profit Leap, Beats Forecast

STC made a net profit of 3.39 billion Saudi riyals in the three months to September 30, up from 1.95 billion riyals a year earlier.