Page 30 - SAMENA Trends - May-June 2022

REGIONAL & MEMBERS UPDATES SAMENA TRENDS

Mobily, Cisco Build Region’s Largest IoT Cloud

Platform to Boost Saudi Arabia’s Digitization

Etihad Etisalat Co., Mobily, and Cisco
announced the completion of the region’s
largest Mobile IoT, or Internet of Things,
cloud platform, hosted in Saudi Arabia,
in a move that accelerates the Kingdom’s
digitization efforts. The new cloud platform
enables a fully-automated management
for IoT devices, powered by Cisco’s
IoT solution, with artificial intelligence
and machine learning capabilities, the
companies said in a statement. “Mobily is
making progress towards the 2030 vision
of country digitization through building
a future-proof IoT deployment that will
seamlessly support new automation,
analytics, machine learning and IoT
capabilities hosted locally in Saudi Arabia,” “These new capabilities are the foundation including payments, smart cities and
said Majed Abdulaziz Alotaibi, CBO, Mobily. to support exciting new IoT use cases, industrial applications,” he added.

Mobily Books 41.2% Uptick in Net Profit in 1Q22

Saudi Arabian mobile network operator three months ended 31 March 2022, billion), up from SAR3.603 billion in 1Q21.
(MNO) Etihad Etisalat (Mobily) has reporting a 5.8% year-on-year increase The company claims that the positive
published its financial results for the in revenues to SAR3.811 billion (USD1 result was due to the growth of revenues
generated by its business, consumer and
wholesale units and ‘healthy growth’ in its
overall subscription base. Further, EBITDA
increased to SAR1.445 billion in 1Q22, up
by 5.9% y-o-y, while interest and financial
charges decreased 1% y-o-y to SAR125
million in the period under review, reflecting
the company’s efforts to reduce funding
costs by refinancing a big portion of its
debts. Net profit, meanwhile, improved
by 41.2% y-o-y from SAR226 million to
SAR319 million in 1Q22. CAPEX for the
first three months of 2022 amounted to
SAR220 million versus SAR155 million for
the similar period of the previous year.

Omantel and SUBCO Elevate Their Relationship

to the Next Level

Oman Telecommunications Company connectivity between Oman and various from Muscat to SUBCO’s new PoP’s in
[Omantel], Oman's first and leading key telecom hubs in Europe through London, Milan and Marseille effectively
integrated telecommunications services Omantel’s extensive subsea network. extending the Oman Australia Cable (OAC),
provider and SUBCO have recently entered Through this arrangement, Omantel will be due to be RFS in Q3, 2022, from Australia to
into a large capacity agreement for providing ultra-high capacity connectivity Oman and all the way to Europe. Speaking

30 MAY-JUNE 2022