Friday 6 March 2015
 
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Telecom

Mobily insists can meet all debt commitments

Saudi Arabian telecommunications firm Mobily insisted on Wednesday it could meet all its debts despite announcing last week that it had suffered a $243 million loss in 2014 and expected to breach covenants on long-term loans. &quo

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Saudi regulator suspects insider trading in Mobily shares

Saudi Arabia's market regulator is investigating possible insider trading in shares of telecommunications operator Mobily relating to its shock earnings restatement, the watchdog said on its website. The Capital Market Authori

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Saudi regulator suspects insider trading in Mobily shares

Saudi Arabia's market regulator is investigating possible insider trading in shares of telecommunications operator Mobily relating to its shock earnings restatement, the watchdog said on its website. The Capital Market Authori

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Mobily swings to 2014 loss; trading in shares suspended

Saudi Arabia's Mobily on Wednesday said it swung to a full-year loss in 2014 after the telecommunications operator announced its audited results, also revealing it had breached loan covenants with various lenders. Mobily -- fo

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Mobily sacks CEO after accounting probe

Saudi Arabia's Etihad Etisalat (Mobily) has sacked its chief executive Khalid Al-Kaf, who had been suspended since November pending an investigation into accounting practices at the telecom operator, it said on Wednesday. Al-K

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Du launches all-in-one prepaid plan

Du, the UAE's No.2 telecom operator by subscriber numbers, said it has launched a first-of-its-kind new Prepaid Plan – ‘Extra Social’, an addition to the family of social plans. As per the scheme, prepaid cus

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Mobily chairman quits; new head named

The chairman of Saudi Arabia's Etihad Etisalat (Mobily) has resigned with immediate effect, the kingdom's No 2 telecommunications operator said on Tuesday. Abdulaziz Al-Saghyir quit due to health reasons, but will remain o

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Bahrain’s TRA set to force telephone masts sharing

Bahrain’s telecom operators could be forced to share telephone masts as part of new government regulations, Transportation and Telecommunications Minister Kamal Ahmed told a press conference after the weekly Cabinet session yesterday (Febr

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Saudi regulator cuts call connection fees by 40pc

Saudi Arabia's telecommunications regulator has slashed call termination fees by 40 per cent, a move which is seen as mostly benefiting Zain Saudi, the smallest of the kingdom's three mobile network operators. Termination

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Batelco CEO leaves; Hinnawi named acting CEO

Batelco Group, the international telecommunications group with operations across 14 countries, has announced that its group CEO  Alan Whelan will be leaving the company. Ihab Hinnawi, CEO at Batelco’s sister company Umn

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